Categories: Economy

Central Bank in Argentina Lowers Reference Market Rate to 60% Amid Gaming Platforms’ Rise

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Argentina’s central bank has once again reduced its reference market rate, dropping it from 70 to 60 percent. This decision was made following a previous reduction two weeks ago when the rate was lowered from 80 to 70 percent. The central bank attributed this rate cut to an enhanced domestic economy with a fiscal surplus and decreased inflation. Since Javier Milei took over as president in December, the rate has fallen four times from 133 percent to its current 60 percent.

Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

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