The economist predicted exchange rate stability for next year. Although he warned that leaving the stocks could bring shocks. He pointed out that inflation in 2025 would be around 1% per month.
Fausto Spotornorenowned economist and former member of President Javier Milei’s Council of Advisors, projected a 2025 with stability in the exchange rate and a notable reduction in inflation. According to Spotorno, a “strong jump” in the value of the dollar, although he warned that The main challenge will be the exit from the exchange rate trapwhich could generate certain movements in the price after its elimination.
The content you want to access is exclusive to subscribers.
“When the stocks are eliminated, the exchange market will be unified, and the Government will have less direct control over the dollar. That could cause certain adjustments in its value”he noted in an interview. However, he maintained that balance-oriented fiscal policies should sustain the relative stability of the exchange rate throughout the year.


As for the inflation, Spotorno anticipated a significant slowdown. He estimated that The annual Consumer Price Index (CPI) will be between 20% and 30%, with monthly inflation that could be “below 1% in December 2025”. According to the economist, these projections reflect a scenario of economic recovery with progressive improvements in prices and the exchange rate.
The analysis is aligned with optimistic expectations regarding the economic reforms promoted by the current government, although challenges persist such as the effective implementation of measures to guarantee the competitiveness of the economy and an orderly transition in the exchange market after the exit of the stocks.
Source: Ambito