The economist predicted a slight rebound in prices in November. But he assured that the trend will continue downwards. He also set two conditions to get out of the exchange rate.
The economist Daniel Artana, chief economist of FIEL and one of the most heard voices in the city of Buenos Aires, warned that the inflation November will show a slight rebound, although he stressed that the important thing is that the trend will continue downward. In addition, he offered his considerations for leaving the dollar stocksone of the next objectives of Javier Milei’s government.
For Artana, the November inflation will be at 3%just above the 2.9% it marked in October. However, he noted: “It is likely to go up. I wouldn’t worry, that’s going to happen. The important thing is to see the trend, which is going to continue going down”
Regarding the forecasts for 2025, he said that the 18% that the Government predicts for 2025 “is very optimistic.” FIEL’s estimates, he anticipated, are below 30%.
With this trend, Artana considered that “it should not be surprising that at the beginning of next year the Government will slow down the pace of devaluation.” He thus referred to crawling peg which is currently 2% monthly, and which Milei’s management wants to reduce to 1%.
Regarding the exit from the exchange rate, the economist said that “it is preferable to be prudent, it is not advisable to throw yourself into the pool,” and he appreciated that restrictions be gradually removed, as the Government is doing. “The stocks are bad for the economy,” he said.
In this regard, in dialogue with Radio Miter, Artana stated two of the conditions that should be met for an optimal exit from the stocks: more dollar reserves in the Central Bank or the postponement of debt payments until 2025.
In addition, he referred to the latest data on economic activity, which showed a slight decline in September and considered that “it has been quite reasonable.”
Source: Ambito
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