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...
Why did inflation expectations increase?
Weekly Reports |
Back to
Back to :
Why did inflation expectations increase?
First week
February 2018
Inflation expectations increased by 2.0 percentage points over the last month. According to the latest Market Expectations Survey (REM) carried out by the Central Bank, they are at 19.4% for the end of 2018; while they were at 17.4% a month ago.
Before this happened, the changes in inflation targets were announced and December inflation was reported, which was a percentage point higher than expected. That was the biggest monthly surprise since the REM has been released. It was 3.1%, when the expectation was 2.1%.