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#Argentina's @BancoCentral_AR left the interest rate at 27.25% today, its second consecutive meeting without a rate decrease. The monetary authorities cited indicadores de alta frecuencia that suggest an increase in inflation this month. http://www.bcra.gov.ar/Noticias/Comunicado_de_Pol%C3%ADtica_Monetaria.asp …
The @BancoCentral_AR decision was welcomed by observers concerned about central bank independence. @Citi analysts noted that the statement showed “a more hawkish tone than the previous communications,” and forecast a “more cautious” approach in the coming weeks.
The @BancoCentral_AR’s survey on inflation expectations comes out Friday, and we’ll see if the “easing cycle interruption,” as @jpmorgan put it, has won back any credibility for @fedesturze’s team. #Argentina
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