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#Argentina’s @BancoCentral_AR will not wait to defend the slumping peso until the currency hits 51.45, the previous policy under its @IMFNews program. Will it work? @jpmorgan analysts say it depends upon the monetary authority’s “ammunition power.”
Though it deviates from @IMFNews conditions, @IMFSpokesperson said the fund is on board, calling the policy change “well-calibrated.” #Argentina
