Queda al menos una suba de tasas más. Seguimos insistiendo que el Banco Central está corriendo de atrás la inflación. El próximo REM casi con seguridad volverá a mostrar no sólo más inflación para...
The Central Bank’s Options and Dilemmas
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The Central Bank’s Options and Dilemmas
Second week
December 2021
The Central Bank sent a strong signal: the days of a 1% monthly or 12/15% annualized depreciation rate are over. The crawling peg will accelerate. If we look at the last 5 business days, we see the rate already averages above 2% monthly. Is it enough to stabilize the FX market?
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 The IMF program triggered a conflict within the government coalition between the populist and more “orthodox” sectors. The key differences are the importance that each of then attach to the targets... |