Argentina Releases Q1 GDP
Argentina is releasing its Q1 GDP data, with consensus expectations of 0.4% Q/Q and 1.7% Y/Y growth.
**Consensus expectations: - - Q/Q: 0.4%e v 0.6% prior - - Y/Y: 1.7%e v 2.1% prior - - Recent comments: - - On Jan 30th 2025 Argentina Central Bank (BCRA) cut its key rate by 300bps to 29.00% - - **Insight: Argentina Central Bank has cut the main policy rate nine times in the current easing cycle that began in Dec 2023 by a total of 10,400bps.
The last cut was in Jan 2025