The bank said the cut was based on a slowdown in inflation and that the move was aimed at helping revive economic growth, vital as the country looks to avoid defaulting on its debts.
Economy
BUENOS AIRES (Reuters) – The International Monetary Fund said on Wednesday that Argentina’s debts were “unsustainable” and that bondholders in debt talks with the South American country would need to make a meaningful contribution to resolve the crisis.
The 20 pound note is the third to be made of durable polymer material rather than paper, following the launch of new five pound and 10 pound notes in 2016 and 2017.
SAN FRANCISCO (Reuters) – Google (NASDAQ:GOOGL) is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said.
BRUSSELS (Reuters) – European Union leaders will clash this week over the EU’s 2021-2027 budget as Britain’s exit leaves a 75 billion euro ($81 billion) hole in the bloc’s finances just as it faces costly challenges such as becoming carbon neutral by 2050.
