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Analysts were not encouraged by the @BancoCentral_AR's decision Tuesday to cut interest rates despite stubbornly high inflation, which was regarded as a reflection of political pressure. The decision, @jdorosario reports, left economists "confused."https://www.bloomberg.com/news/articles/2018-01-24/goldman-sachs-credit-suisse-puzzled-after-argentina-s-rate-cuts …
In a survey before the @BancoCentral_AR announcement, only two of 19 analysts predicted a rate cut. "The central bank had a difficult time justifying the rate cut," Daniel Chodos, of @CreditSuisse, told @business.
