The Argentine Central Bank has cut interest rates six times in a row to 40% from 50% amid continued decline in inflation, and this change in monetary policy comes since Javier Milei assumed the country's presidency last November.
Interest rates reached 133% in December.
Inflation fell on a monthly basis to 8.8% in April after it had reached 26% last December.
While Milei management expected prices to decline to 3.8% by September.
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