Argentina's central bank will slow the rate of the local peso's devaluation, it said on Tuesday, after new data showed annual inflation slowing in December and as the central bank sees continued progress on inflation.

Argentina, grappling with a financial crisis, closed the year 2024 with inflation at nearly 118%, significantly lower than the previous year, according to official data. The government expressed satisfaction and emphasized that this was the result of its economic "stabilization plan.

Facing a financial crisis, Argentina concluded the year 2024 with inflation at nearly 118 percent, significantly lower than the previous year, according to official data. The government expressed satisfaction,