On 19 February 2020 , the Central Bank of Argentina cut its bank rate by more than 395 basis points .
After cutting its bank rate by 400 basis points on 19 February , the Central Bank of Argentina cut its bank rate further by an additional 200 basis points , and after declining to cut its overnight rate on 27 February , the Bank of Korea renewed a currency swap agreement with Bank Indonesia .
2020 stock market crash