As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
BASE SCENARIO May 2023
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BASE SCENARIO May 2023
International inflation remains high but with a slowing trend. In the US, the behavior of high inflation is more persistent than initially expected and is far from the target. In this context, a further rise in the monetary policy rate to 5.5% is projected with a drop in November to close 2023 with a rate of 5.27% when previously the year was expected to close with the rate at 4.75%.