Argentina Halts Monetary Base Expansion to Combat Inflation

Argentina's Economy Minister Luis Caputo announced on messaging platform X that the country will cease expanding its monetary base to address inflation. The amount of money in circulation will remain unchanged or be reduced.

In a strategic move to combat inflation, Argentina will halt the expansion of its monetary base, Economy Minister Luis Caputo announced on messaging platform X on Saturday.

Caputo emphasized that the amount of money in circulation will either stay the same or be diminished in order to stabilize the economy.

This decisive action aims to address the ongoing economic challenges in the country by focusing on monetary control.

(With inputs from agencies.)