Former Minister of Economy domingo horse evaluated the price of the blue dollar, and on the other hand considered that “there are no economic reasons for the inflation exceeds 7%” and stressed that, if this percentage is exceeded, it will be a consequence of the political factor.
Likewise, he maintained that the discussion for dollarization is taking place “at the wrong time” because before it is necessary to make a series of structural reforms and raised the need for the unification of the exchange rate.
On the other hand, He evaluated that the price of the dollar at $440 “is too high”, but warned that “it can be higher until it is clear how the economy will be in the future.”
“It will start to drop the day a government announces good policies for the future,” he emphasized.
Cavallo spoke about the country’s economic prospects in statements to the Pulso Continental program that is broadcast on Continental radio.
The former official explained that “the monetary and Leliqs issuance is growing at 7% or even somewhat lower”, for which he estimated that 7% would be a ceiling and that if it exceeds it it would be due to the political climate.
“I hope that the situation does not end in a total lack of control,” Cavallo hoped and considered that “once the opposition candidacies are defined, it helps a little to control the situation.”
The former minister pointed out that the thinking “of the candidates for Together for Change does not differ much in what they think” and said: “That is why it would be better to listen to economic advisers because they have to differentiate the product
In addition, he suggested that “it would be important that Javier Milei’s advisers speak with those of Together for Change and discuss more among themselves to clarify the future outlook.”
Cavallo affirmed that “the issue of dollarization is being discussed at the wrong time, because before thinking about the stability of the exchange rate, a series of reforms must be carried out and the exchange market unified.”
Source: Ambito
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