The Central Bank of the Republic of Argentina (BCRA) has lowered its benchmark interest rate from 133% to 100%.

The move marks a significant shift in the country’s monetary policy, albeit at levels that would send Europe, the US and Japan into economic collapse. The reduction is part of a broader effort to streamline the bank’s monetary policy.

These recent changes align with President Javier Milei’s government’s broader economic strategy. His administration has introduced a series of ‘shock’ measures that are focused on stimulating economic activity, but that also risk higher inflation.