1) @BancoCentral_AR’s decision yesterday to maintain the interest rate at 60% was expected, and reasonable, as #Argentina’s central bankers have pledged not to lower the rate until at least December.
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5) Should admirers of
#Argentina’s pro-market turn worry? Well, the election is >1 year away. But candidate selection and the primaries are months earlier, leaving little time for an economic recovery.Show this thread
6) So, will #Argentina’s economy recover quickly? It’s possible, but far from assured. @Citi, for one, predicts declining investment, due not only to higher interest rates, but also increased country risk and fears that Peronism might return next year.
