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Argentina central bank slows peso crawling peg to 1%

BY Reuters | ECONOMIC | 01/14/25 03:17 PM EST

BUENOS AIRES, Jan 14 (Reuters) - Argentina's central bank on Tuesday announced that it was slowing the rate of the local peso's devaluation, known as the crawling peg, to 1% per month from a prior rate of 2%.

The announcement came about an hour after the publication of Argentina's December inflation data, which saw monthly price increases tick up very slightly to 2.7%, in line with forecasts. (Reporting by Hernan Nessi and Walter Bianchi; Writing by Sarah Morland; Editing by Aida Pelaez-Fernandez)

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