BUENOS AIRES, Feb 13 (Reuters) - Argentina’s central bank lowered its benchmark interest rate to 44% from 48% on Thursday, it said in a statement.
The bank said it cut the rate as a result of a deceleration in inflation.
Earlier on Thursday, the official statistics agency reported that consumer prices rose 2.3% in January, marking a deceleration from a month earlier when consumer prices rose 3.7%. (Reporting by Nicolas Misculin; Writing by Cassandra Garrison; Editing by Sandra Maler)
Our Standards: The Thomson Reuters Trust Principles.