Argentina’s President-elect Proposes Encouraging Consumption, Easing Credit

The Central Bank has announces interest rate cuts as of November 1st to encourage consumption.

RIO DE JANEIRO, BRAZIL - After the political twist, an economic turnabout beckons. Argentina's President-elect Alberto Fernández intends to govern very differently from Mauricio Macri, the current center-right head of government.

And the Central Bank is starting to adjust: on Tuesday, it announced that, as of November 1st, it will promote a reduction in interest rates and put an end to the high yield of Liquidity Bills (Leliq), with which it was trying to contain inflation and the depreciation of the peso.

The new strategy seeks to encourage domestic consumption and credit, but may further accelerate the . . .

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