This day the Government announced a segmented reduction in subsidies for electricity, gas and water consumption. “The set of measures of recent weeks would have a quasi ‘orthodox’ approach in terms of interest rates and adjustment of public accounts, with conflicting effects on the fiscal and quasi-fiscal deficit,” he reported. delphos-investment.
On the other hand, Roberto Geretto of Fundcorpexpressed that “the Massa plan has already taken its first steps in fiscal and monetary matters, such as the possible rise in tariffs and an increase in the interest rate. However, Measures are still lacking on the most urgent level, which is the foreign exchange market“.
And he expanded: “Ruled out a devaluation by the Government, The expectation is that there will be some type of exchange differentiated to certain sectors -agriculture, oil, etc-. This will not be an in-depth solution, but if it is successful it will serve to gain some reserves and thus time.”
This Tuesday, the Central Bank bought almost US$20 million in the market and thus accumulated four consecutive rounds with a positive balance. The Government hopes to add this week US$1,000 million from the field harvest to strengthen reserves.
“The current dynamic is unsustainable and the outcome with some kind of measure in this area should not be very far away. We do not think that the discreet jump is the option at hand, far from it. But something will have to be done, and soon,” he estimated. the StoneX brokerage.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
