July 27, 2017 |
Argentina’s central bank has held its benchmark
lending rate at 26.25% and left the bias at
neutral, in line with the broader market consensus. The bank's monetary policy committee said it will remain vigilant as inflation declines, although indicators suggest inflation will rise in July.Argentina aims to reduce inflation to between 12% and 17% by the end of this year, a goal that Goldman Sachs analyst Alberto Ramos called "very challenging" due to inertia from core and non-tradable inflation
Central bank keeps the benchmark at 26.25% and says it will maintain a "clear anti-inflationary bias"