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Chile and Argentina bet on integration against xenophobia

BreakingNews @en di

The President of Chile, Michelle Bachelet, and the Argentine President, Mauricio Macri, met in Chacabuco for the celebrations of the 200th anniversary of the battle of homonymous. The two presidents, together with their Minister for Foreign Affairs agreed on the need to strengthen  relations between the countries of South America without failing the “convergence in diversity” principle, this means strengthening the economic integration with  MERCOSUR and the political with the Pacific Alliance, also presidents both agree on the need to fight the political populism and xenophobia, this to highlight the difference of views between South America and the new US administration.

Argentina: interest rates are going down thanks to the subside of inflation

Americas/BreakingNews @en di

Argentina’s main state-run bank said it lowered its headline interest rates for loans to businesses on Monday amid expectations that inflation will begin to slow in Latin America’s third-largest economy, a move that will help put credit back within firms’ reach. Banco Nacion, the country’s largest financial institution and which also acts as a development bank, set its annual nominal reference rate for business loans at 27%, down from 32%.

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