With the “help” of capital flight, the Central Bank will meet its monetary targets
Third week
Monetary aggregates decelerated strongly since last July in line with the acceleration in portfolio dollarization: private M2 went from growing 40.1% in July to 32.2% in November.
The monetary base grew AR$ 8.5 billion in the last 30 days; coupled with the exchange rate regulations, it caused interest rates to fal...