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As expected, #Argentina's @BancoCentral_AR cut interest rates today, to 27%, despite missing its 2017 inflation target. (Last year's 25% annual inflation rate was well above the 17% target.)
Defending its decision, the central bank said inflation had spiked late last year because of sharp increases in regulated gas and electricity rates that are expected to be less dramatic this year, http://www.bcra.gov.ar/Noticias/Comunicado_de_Pol%C3%ADtica_Monetaria.asp ….
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