“We call having positive or neutral real rates, but we want all fixed terms to beat inflation because we know that a good remuneration for savings in pesos is what avoids dollarization. The priority is to favor savings in pesos and that the people have confidence in the weight,” he said.
The vice president of the BCRA affirmed that “The volatility that is taking place these days in the local market has to do with rumors and news about the redefinition of debts or issues that cause uncertainty and that has generated the volatility that we have seen in the debt market in pesos”.
Speaking to the cable channel C5N, Carrera said that “this is an irresponsible attitude because it would be repeating mistakes that have been made. There is the idea of opening the stocks abruptly as was done last time and that would generate a run and the idea of reprofiling Debt”.
The official remarked that “the International Monetary Fund (IMF) says that the stocks cannot be removed all at once, you have to accumulate reserves, you have to do it gradually as we are doing. Now they say it to generate noise.”
“They have been looking for and looking for devaluation. First they hoped that the agreement with the IMF would impose a devaluation on us and it was not like that. The IMF understood that this is not the way to go because that increases poverty, increases inequality, increases inflation and generates any positive results,” he said.
Finally, he pointed out that “the BCRA and the Ministry of Economy are in a position to coordinate efforts to avoid any type of run. It is true that the accumulation of reserves is going slower but that is going to be solved throughout the year.”
Source: Ambito
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