The Central Bank’s Options and Dilemmas

Weekly  Reports

 

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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?