In recent news, Argentina’s central bank has decreased its reference market rate once again, lowering it from 70 to 60 percent. This decision was made after the bank cited an improved domestic economy with a fiscal surplus and decreased inflation as reasons for the rate cut. The move comes just two weeks after the bank lowered the rate from 80 to 70 percent in a previous reduction. Since Javier Milei took over as president in December, the rate has dropped four times from 133 percent to its current 60 percent.
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In other news, an image of the Rosato paper factory located in Buenos Aires is featured alongside this article. The factory is known for producing high-quality paper products and has been in operation for many years. Despite facing challenges in recent years due to increased competition and changing consumer preferences, the factory continues to thrive and remains a key player in the industry.
