After knowing the inflation data, the Minister of Economy met with his team and they will continue in the afternoon. They are evaluating an interest rate rise and greater controls on the exchange market and foreign trade.
Report by Liliana Franco.- The minister of Economy, Sergio Massa, met with the economic team at the headquarters of the portfolio he heads, just as Scope had anticipated. In the afternoon the meetings will continue. The focus is on the exchange rate tension and in the inflationafter knowing the data published by the National Institute of Statistics and Censuses (INDEC)which indicated that the increase in consumer prices for April was of 8.4%.
After knowing the inflation data, which implies a cumulative price increase of 108.8% in year-on-year terms, the high officials of the economic portfolio quickly reacted and met with Massa. In this framework, they indicated that in the next 48 hours they would announce new measures. According to reports from the meetings of the economic team this Saturday, different measures are being evaluatedamong them, one interest rate rise And older exchange market controls and of the foreign trade.
Ministry of Economy.webp
On Friday, the vice minister of Economy, gabriel rubinsteinadmitted through an official statement released through his social networks that the current situation “will require redouble efforts from macroeconomicsin order to specify policies that allow improving fiscal accounts, the reserve accumulation and exchange rate stabilityas well also strengthen the income policyall in order to achieve better results in the fight against inflation”.
Source: Ambito
