The Central Bank in the spotlight

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The Central Bank in the spotlight

Abril 2018

In a sudden change in policy in March, the Central Bank moved away from the floating exchange rate and decided to intervene to stabilize it at around AR$ 20.20, following three months in which the depreciation of the currency accumulated almost 20%. We believe that this change in policy will be sustained for the next few months, and that if there is a depreciation of the currency it is likely to be controlled.