BUENOS AIRES, Oct 14 (Reuters) – Argentina’s monthly inflation rate came in lower than expected in September, a rare reprieve for the embattled economy and struggling residents, which may allow the central bank to pause its aggressive rate hiking cycle for the time being.
The government’s INDEC statistics agency reported on Friday the monthly inflation was 6.2% last month, slower than in August and undershooting analyst forecasts of a 6.7% increase.
Reuters reported earlier on Friday, citing sources, that the central bank was minded to hold off on a new interest rate hike due to optimism that inflation was on a downward path, which would break a string of successive raises this year that have seen the benchmark rate climb to 75% from 38%.
www.reuters.com/markets/us/argentina-inflation-undershoots-easing-pressure-hike-rates-2022-10-14/
‘Inflation undershoots’ …… Inflation rate in Argentina: 90%
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