Argentina central bank cuts rate on short-term securities

By Kitco News / January 16, 2018 / www.kitco.com / Article Link

BUENOS AIRES, Jan 16 (Reuters) - Argentina's central bank cut interest rates to 27.24 percent from 28.75 percent on its short-term securities on Tuesday in its monthly auction, a move that was in line with market expectations after a recent change in inflation goals.

The monetary authority sold 352.804 billion pesos ($18.667 billion) in Lebac securities.


(Reporting by Walter Bianchi; Editing by Lisa Shumaker)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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