Argentina: Central bank to keep rates on hold at 60% – Danske Bank

Analysts at Danske Bank point out that Argentina's central bank will decide on its key rate and it is highly likely that the rate will remain the world’s highest at 60% today.

Key Quotes

“The central bank has calmed the markets previously via direct FX intervention. All eyes are now on the government s efforts to get a loan from the IMF. Despite the recent positive developments, the ARS is still seeking a clear direction.”