The official stated that the fiscal balance “anchored” inflationary expectations. And he stressed that currently the National Treasury contributes to improving the entity’s balance sheet.
The president of the Central Bank, Santiago Bausili, He highlighted that the fiscal balance “anchored” inflationary expectations and stressed that currently the National Treasury contributes to improving the entity’s balance sheet.
“Hand in hand with fiscal expectations, inflationary expectations have been anchored”said Bausili when opening the Monetary and Banking Conference of the Central Bank.
The head of the monetary authority noted that “The intention behind putting fiscal dominance as a central issue in our debates is not to lose context: in the last twenty years, every year, the BCRA provided monetary financing to the Treasury. Even in the years of primary surplus.”
Bausili specified that “more than 60 points of GDP were financed with monetary emission. Only in the last four years, the Central Bank provided financing to the treasury for 22 points of GDP.”
He added: “The honesty of the BCRA balance sheet that we have been carrying out this year, reverses these flows and for the first time the Treasury contributes with improvements to our balance sheet and embodies a contractionary factor in the money supply.”
The official confirmed that President Javier Milei will speak tomorrow at the closing of the Conference held at the Palacio Libertad.
Bausili emphasized the career and talent of the exhibitors who make up the program panels this year.
Source: Ambito
