2) Indeed, the utility price hikes slow in April; wage negotiations are largely reflecting the 15% inflation target; and the @BancoCentral_AR has returned to a dirty float to defend the peso.
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1) #Argentina’s @BancoCentral_AR kept the interest rate at 27.25% today, though it continued to argue that recent worrisome inflation data reflected short-term phenomena, including utility price hikes and a weakening peso.
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3) A
@jpmorgan report raised questions about the@BancoCentral_AR’s approach, given#Argentina’s relatively low reserves. But Itau analysts noted that “the interventions are complementary and not substitute of the monetary policy.”Show this thread
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