1) No rate hike today by @BancoCentral_AR, which still expects inflation to slow after the natural gas, electricity, transportation and water rates stabilize. #Argentina
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2) Despite limited reserves, @BancoCentral_AR is committed to limiting inflationary peso depreciation; it has sold $3.1 billion since March, @jpmorgan reports.
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3) The exchange rate could become a bigger issue, Itau analysts warn.
@BancoCentral_AR’s net reserves are down to $35 billion, “and the central bank is selling dollars at a pace that is not sustainable.”Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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