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The #IMF released a statement about the updated agreement with #Argentina. The IMF will be “increasing available resources by US$19 billion through the end of 2019, and brings the total amount available under the program to US$57.1 billion through 2021.” https://www.imf.org/en/News/Articles/2018/09/26/pr18362-argentina-imf-and-argentina-authorities-reach-staff-level-agreement …
Two key updates to the agreement. First, the gvt will be “replacing the inflation targeting regime with a monetary base target.” Second, the @BancoCentral_AR will “adopt a floating exchange rate regime without intervention.” Intervention only when “extreme overshooting” occurs.
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