The minister called on the ALYCs to participate in a meeting in which the implementation of the new fiscal pact, the exchange rate restriction, growth and inflation were discussed.
The Minister of Economy, Luis Caputo, indicated this Tuesday that “July will have the lowest inflation so far this year,” when holding a meeting at the Treasury Palace with Clearing and Settlement Agents (ALyCs), in which the new fiscal pact was discussed.
In the first part of the meeting, in which the President of the Central Bank also participated, Santiago Bausili, It was highlighted that the new fiscal pact will allow for greater dynamism in the economy. Later, the ALyC met with the teams of the Ministry of Finance, the Central Bank, AFIP and the National Securities Commission (CNV), to discuss the technical aspects of the new fiscal pact.
Currency controls and inflation: what Caputo told the ALYCs
Regarding the exchange rate restrictions, Caputo reiterated that it will be lifted when the necessary conditions are met. macroeconomic conditions and assured that inflation will continue on the downward path that it has registered in recent months. In addition, the Minister emphasized that the Argentina is experiencing a change of era because the measures are applied by the political decision to organize the macroeconomy. In this line, Caputo assured that “The most difficult thing has already been done and today we have a fiscal surplusquasi-fiscal and energy and there are mortgage loans.” “July will have the lowest inflation so far this year and the economy is starting to grow,” he added.
The Minister also stressed that the speed of economic recovery will depend on the confidence of the people and the private sector in the economic program. In this regard, Caputo called on the ALyC to encourage its clients to participate in the country’s growth processconfirmed that the Government will guarantee macroeconomic order and He anticipated that the PAIS Tax will drop ten points in September.
Which Alycs were present at the meeting with Caputo
Representatives of Grupo IEB, Allaria, Max Capital, Grupo SBS, Alchemy Valores, PPI, Latin Securities, Cohen Aliados Financieros, Balanz Capital, Adcap Grupo Financiero, Cocos, Bull Market Securities, Consultatio Financial Services, IOL, INVIU, Puente Argentina and BAVSA were present.
The meeting is part of the meetings that Minister Caputo is holding with different sectors of the economy to hear suggestions and discuss the macroeconomic situation.
Source: Ambito
