With each passing week the feeling that the Argentine economy is approaching the one we experienced in the eighties cannot be avoided. It does not mean that the situation will be exactly the same nor...
Jumps in the FX Market, Easy and Difficult Solutions
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Jumps in the FX Market, Easy and Difficult Solutions
Fourth week
April 2023
Last week was a roller coaster. After the previous week's lukewarm rate hike and a lot of political uncertainty, the dollar reached almost 500 pesos. The Central Bank finally stood for itself, came out of its tepidity, and hit the policy rate with a 10-point kick, to which are added the 3 points from the previous week. In addition, they had to invest reserves to do what the IMF prohibits, which is to intervene in the blue-chip swap market.
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