Argentina central bank holds benchmark rate at 27.25%; inflation data on Thursday

Thursday, February 15th 2018 - 09:45 UTC

Full article 1 comment

Argentina’s central bank held its benchmark seven-day interbank lending rate at 27.25% on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and “mixed signals” in prices so far this year. Read full article

Comments

Disclaimer & comment rules

Enrique Massot
During his 2015 election campaign, Mauricio Macri said inflation was the “easiest thing” he would have to do if elected.

He also announced that, at the end of the second year of his term, inflation would be in the single digits.

Of course, talk is cheap.

Now, Macri and Co. are attempting to keep wage increases for the current year at 15 per cent--even when everybody agrees inflation is on its way to be 20 to 25 per cent.

Incredibly, the government says increasing wages may fuel inflation.

However, no comparable sacrifice has been asked from the country's wealthiest.

Which for those who are aged enough is a remake of an old, well-known, sad movie.
Feb 16th, 2018 - 08:09 pm - Link - Report abuse -1
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!