Market
Unofficial 'blue' dollar rate below 1,000 pesos by February 28, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Exchange rate data from reputable financial news outlets
Story
Argentina Central Bank Cuts Rate by 300 Basis Points to 32% to Boost Credit and Investment
Dec 6, 2024, 12:14 AM
The Central Bank of Argentina has cut its benchmark interest rate by 300 basis points to 32% from 35%, in response to falling inflation expectations. This adjustment aims to stimulate credit and investment within the country. The rate for active repo transactions was also reduced from 40% to 36%. This move comes amidst a backdrop where the unofficial 'blue' dollar rate has plummeted to 1,050 pesos, and the currency gap is at its lowest since 2019.
View original story
Similar markets
Stay at 1% • 25%
Decrease below 1% • 25%
Increase above 2% • 25%
Increase to 2% • 25%
No • 50%
Yes • 50%
Abolished • 25%
Increased above 2% • 25%
Remains at 2% • 25%
Reduced to 1% • 25%
20-22 MXN/USD • 25%
Below 18 MXN/USD • 25%
Above 22 MXN/USD • 25%
18-20 MXN/USD • 25%