Tag: basic interest rate

• Friday, November 1st 2024 - 21:14 UTC

  Argentina's Central Bank lowers basic interest rate

  

  Given the significant fall in Argentina's inflation rate, the Central Bank (BCRA) announced Friday that it was lowering the basic interest rate from 40% to 35% in a move to “boost private credit.”

• Thursday, May 2nd 2024 - 19:39 UTC

  Argentina's BCRA again lowers basic interest rates in less than one week

  

  Argentina's Central Bank (BCRA) once again lowered the benchmark interest rate from 60% to 50%. It was the fifth cutdown since the Libertarian administration of President Javier Milei took office in December last year. Thus, yields from fixed-term deposits will fall monthly from the current 5% per month to 4.2% for an annual effective rate of 64.8%.

• Thursday, January 19th 2012 - 05:57 UTC

  Brazil cuts basic rate to 10.5% and signals further reductions in the future

  

  Brazil’s central bank indicated on Wednesday it will keep cutting interest rates at the current pace after it reduced borrowing costs by a half-point to 10.5%, for a fourth straight meeting.

• Thursday, March 10th 2011 - 22:26 UTC

  New Zealand cuts basic interest rate to help with earthquake recovery

  

  New Zealand's central bank has cut the cost of borrowing to try to reduce the economic impact of the earthquake in Christchurch, the country's second largest city. The Reserve Bank of New Zealand cut the key interest rate 0.5 points to 2.5%.