A general view of the facade of Argentina's Banco de la Nacion (National Bank), in Buenos Aires, Argentina, December 18, 2024. REUTERS/Francisco Loureiro/File Photo Purchase Licensing Rights , opens new tab June 5 (Reuters) – Argentine analysts cut their inflation forecast for the end of the year to 28.6%, the central bank's monthly market expectations survey showed on Thursday. The revised estimate is 3.2 percentage points lower than last month's forecast.

Analysts also ticked up their 2025 economic growth outlook by 0.1 percentage point to 5.2%. Sign up here. The improved inflation outlook follows a landmark $1 billion, peso-linked bond sale last week, Argentina's first major issuance in seven years, which attracted demand 1.7 times the offering size.

Annual inflation has fallen from over 270% a year ago to around 50% today, helping rebuild confidence among investors and the International Monetary Fund, which recently approved a $20 billion loan package. Reporting by Andre Romani; Writing by Natalia Siniawski Editing by Brendan O'Boyle Our Standards: The Thomson Reuters Trust Principles. , opens new tab