Argentina Inflation Forecasts Hiked
Argentina Inflation Forecasts Hiked

Argentina Inflation Forecasts Hiked

Argentina Inflation Forecasts Hiked

Economists revised expectations for inflation in Argentina upward while slashing growth forecasts in a monthly central bank poll released on Friday, highlighting the challenges President Mauricio Macri has faced in normalizing the economy, Reuters reported. The poll of 54 participants found median 2018 inflation expectations of 19.9%, up from 19.4% last month and above the government target of 15%. In the prior poll, expectations had jumped from 17.4% after the government loosened its inflation targets in late December. That move, followed by two rate cuts in January, fueled concerns about central bank independence and the government’s commitment to fighting inflation at the potential expense of growth. The central bank held its policy rate steady at 27.25% in each of its two February decisions. Macri has said fighting inflation is a priority as his government seeks to attract private investment and boost growth after more than a decade of populist rule. But his administration’s utilities subsidy cuts, crucial to efforts to lower the fiscal deficit, have contributed to price hikes.


Short URL : https://goo.gl/g2EDr7
  1. https://goo.gl/PbiCwo
  • https://goo.gl/UsTVsQ
  • https://goo.gl/hNeU1B
  • https://goo.gl/N3ZDAR
  • https://goo.gl/3gfkLc

You can also read ...

Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...
EU, Mercosur Discuss Trade Deal
The European Union and South America’s Mercosur bloc could...
An EC document says Airbus will repay an A350 loan to the UK government this year  and reduce the drawdown of other loans.
Airbus plans to set out measures that will bring it into line...

Add new comment

Read our comment policy before posting your viewpoints