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MercoPress, en Español

Montevideo, December 22nd 2024 - 20:58 UTC

Tag: Bank of Nacion Argentina

  • Tuesday, October 18th 2016 - 10:31 UTC

    Argentina lowers interest rates for businesses as inflation tends to subside

    The decision follows the conviction that gradually “we will have a substantial improvement in the economy, with inflation trending lower,” said Melconian

    Argentina's main state-run bank said it lowered its headline interest rates for loans to businesses on Monday amid expectations that inflation will begin to slow in Latin America's third-largest economy, a move that will help put credit back within firms' reach. Banco Nacion, the country's largest financial institution and which also acts as a development bank, set its annual nominal reference rate for business loans at 27%, down from 32%.