The analyst and finance specialist Javier Timerman spoke about the implementation of the New exchange rate regime promoted by the government of Javier Milei and questioned the official celebration after the CEPO Eliminationstating that “ You cannot measure success or failure of a plan for what happens in a day, two, three or four ”.
During a radio interview on Tuesday, Timerman addressed the initial effects of the new Band scheme exchange agreed with the International Monetary Fund (IMF). He argued that, although the opening of the stocks could generate favorable signals to attract investments, its results would not be immediate.
“Open the stocks Give the confidence that if someone invests will be able to withdraw their moneythose are positive things from the point of view of attracting investments but can come in a year, ”he explained.
Government questions
When referring to the reactions of the ruling party after the beginning of this new stage, the economist rejected the triumphalist tone adopted by the economic team and the president himself. “Celebrate something that we don’t know how it will endIt does not seem to me, “he said, and added:” In that place, I would not celebrate anything if it was an official. “
In another section of the interview, Timerman referred to the distance between government speeches and the needs of the population. “That kind of behavior add people,” he said, and recalled that “The reality is that people do not have a good time”, Pointing out a disconnection between the message of the Executive and the social mood.
The economist also expressed concern about the lack of tolerance towards critical voices within public space: “Argentine verbal violence clashes a lot”He said.
Then, he added: “It’s almost unbearable, because if you think something They accuse you of anything“In that line, he warned that” the lack of dialog Degree of political conflictat the time you need Show confidence in the country And state policies, you realize that you don’t have that because there is no consensus. ”
Product prices and inflation
In relation to pricing behavior, Timerman considered that new increases could be recorded during the next months while the relative values of the economy are accommodated.
“There will be months of greater inflation while prices and dollar are accommodated and then it will depend on politics”He explained, while highlighted the importance of expectations as a key variable in the national economic scenario.“ What moves many times the economic variables In Argentina they are expectations, ”he said.
Finally, he stated that it is not possible to anticipate with certainty the evolution of the macroeconomic scenario in the short term. “You have to wait”and clarified: “It is very difficult today to make an analysis of what will happen in three months because nothing that was seen so far since Milei assumed is something that We could have preceded it three months before. ”
Source: Ambito
