Global Central Bank Update:
-Argentina unexpectedly cut rates by 20%, moving from 100% down to 80%. Factors attributed to the cut: steady rebuilding of reserves & expected continued cooling in monthly inflation (26% in Dec, 21% in Jan, expectation of 15% in Feb & 7% by summer).
-Argentina unexpectedly cut rates by 20%, moving from 100% down to 80%. Factors attributed to the cut: steady rebuilding of reserves & expected continued cooling in monthly inflation (26% in Dec, 21% in Jan, expectation of 15% in Feb & 7% by summer).