The Secretary of Strategic Affairs of the Buenos Aires government and former president of the BCRA said that inflation must be attacked with balance of public accounts and independence of the Central Bank.
The economist and Secretary of Strategic Affairs of the Buenos Aires government, Martín Redrado, rejected the idea that Argentina is in a process of hyperinflation and assured that “there is a problem of inflation that must be attacked by balancing public accounts and having an independent Central Bank”.
“When I analyze the Argentine economy today, there is no hyperinflation at this time. This is a discussion that I see in many colleagues. I I don’t see the conditions“said the former president of the BCRA.
In statements to the press, the former national official emphasized: “Let’s get rid of the concept that there is hyperinflation. Inflation is rising in steps. “We don’t have to go from the 12% we had last month to 24% next month, to 48% the following month.”
The current official Horacio Rodríguez Larreta maintained that “the spiralization of inflation is what leads us to speak technically. Technically, from a professional point of view, today there is no hyperinflation in Argentina.”
“Yes, there is a serious inflationary problem. We must attack it, first by balancing public accounts and having a central bank independent. “Those are the two axes to defeat inflation in Argentina,” he concluded.
Source: Ambito
