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A new analysis from @SPGlobal questions whether #Argentina's @BancoCentral_AR can effectively control inflation through high interest rates while the fiscal deficit remains so high.
Despite badly missing last year's inflation target, #Argentina's government says it will meet its adjusted targets for the next three years, 15%, 10% and %5. But @SPGlobal is skeptical because the fiscal goals (3.2% of GDP this year and next) are "quite unassuming."
"In #Argentina, like in other emerging markets, the key to having sustainably low inflation is fiscal discipline," @SPGlobal argues.
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