February 13, 2020 / 8:19 PM / 3 days ago

Argentina central bank cuts benchmark rate to 44% -statement

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)

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