Through a set of robust policies to face various kinds of shocks, we are, for the first time in decades, in a position to provide monetary and financial stability to the Argentine people. 4.
Conditional on the outlook for inflation, the Bank has committed to holding this rate at 1/4 per cent until the end of June 2010. I will elaborate on this conditional commitment in a moment. •  In total, since December 2007, we have cut interest rates by 425 basis points to their historic lows and lowest possible levels.