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.Show this thread
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.”
