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Argentina's central bank reported that monthly inflation in November 2022 stayed near October's pace, with leading indicators pointing to moderation. The BCRA kept its reference interest rates unchanged for a second month after nine straight increases.
The report also showed the broad money aggregate roughly flat, with time deposits reaching the level of means of payment.
Stable rates and easing inflation signals reduce pressure on the peso and on Argentine feed demand, with little direct effect on grain or feed prices.
bcra.gob.arDec 7, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
