There are, for this relaunch of the Government, not a few challenges. The high inflation It seems like the most urgent, because it is from this problem that other pressing problems are inscribed, such as the destruction of the price system, distrust in the currency (and in its issuer), the brake on economic activity and the destruction of power. purchasing power of salary, to name a few. It will also be important to see how other pre-announced objectives are carried out in the framework of the agreement with the IMF, where the promise of balanced public accounts is only a kind of inaugural commitment. It is no coincidence that the now superminister Sergio Massa has also claimed the management of the relationship with multilateral organizations.
At the financial level, the first sign shows a desire to order the demand for pesos: the rise in the interest rate in the last auction and other adjustments made in the last hours in the rates paid by the BCRA would be showing decisions that seek support the local currency debt market. Other measures are beginning to be considered for the correct administration of foreign exchange.
Source: Ambito
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