Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
The key to the elections: FX stability
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The key to the elections: FX stability
Marzo 2019
This year began better than expected for the Argentine economy but the release of January’s inflation figure in mid-February, which was higher than expected (2.9% m/m, while the market was expecting 2.5%), meant a turning point. From that moment, the exchange rate became more volatile and re-entered in the Non-Intervention Zone, country risk rebounded from 650 bps to 750 bps, while Leliqs rate increased almost 2,000 bps, from 44% to the actual 63%.