And Bloomberg News quoted informed sources, who declined to be identified, saying that the central bank kept the main interest rate in an area between the interest rate on loan repurchase and the interest rate on seven-day bonds in Argentina, where the main interest rate is about 33 percent .
Argentine Economy Minister Martin Guzman said at a conference with investors last Friday that the government is seeking to reduce the difference between different interest rates, so that there is one main interest rate between 23 and 33 percent, according to one of the people participating in the conference.
Commenting on this news, a spokesman for the Central Bank of Argentina said that these ideas are part of “the strategy of unifying interest rates.”
This comes while Argentina is currently facing a strong currency crisis, as the dollar is traded on the parallel market for 178 pesos, an increase of 57 percent from the official exchange rate.
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