when the market expects a greater devaluation

when the market expects a greater devaluation

Although the expectation of an increase was reduced, the estimated figure would imply a monthly increase in the US dollar. 3,4%, well above that of recent months and in line with inflationary levels.

It is worth remembering that This week the president of the BCRA, Miguel Ángel Pesce, anticipated that the monetary authority plans to accelerate the exchange rate corrections when the inflationary process allows itAlthough the government spokeswoman, Gabriela Cerruti, denied a day later that a devaluation was being considered for the short term.

In the event that market projections are met, the variation in the dollar for all of 2021 would result from 25,5%, practically half of what is expected to increase prices in the annual accumulated.

Looking to the near future, the consulting firms and financial entities that participated in REM They estimate that the exchange rate will hit its biggest jump in January (+ 4.6%), and then remain in a range of monthly increase of between 3.6% and 4.2% until May.

The private companies expect the dollar to “correct” next year what it did not “correct” this year. In that sense, they expect that the rise in 2022 will be 55.3% (to settle at $ 161), when in October they expected it to rise 51.3%. For the same period, projected inflation is 52.1%.

Source From: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts