After a intense debate between economists about the possibility of a devaluation And the government’s position against, the projections of 15 banks and consultants reduced the probability that this occurs in the coming months, due to the child Inflationary pressure.
From Focuseconomics they explain that This reduction responds to several factors, such as comparison with a high base, tax austerity, commercial liberalization and decreased property taxes.
Currently, the highest estimate comes from S&P Global Ratings, that places the official dollar at $ 1,800 for December. Other consultants and financial entities also adjusted their projections: Fitch Ratings foresees $ 1,563, balances and Barclays Capital estimate $ 1,550, while Empiria Consultores places it at $ 1,535.
Government’s anger for those who speak of devaluation
The Chief of Cabinet, Guillermo Francos, said today that the Government does not consider a devaluation and ruled out problems with the current exchange scheme, In response to a recent warning of former Minister of Economy, Domingo Cavallo.
“Cavallo is a friend, I follow his statements, but on several occasions he was wrong; No one is infallible. He said inflation would not go to the current level and was wrong in that, ”Franks said in an interview with Radio Miter.
In addition, the official explained that, due to the absence of monetary issuance and the maintenance of the same mass of money since May or June, the Executive considers that there are no reasons for a devaluation. “If dollars enter and it is not issued, the price of the dollar cannot increase”held.
Meanwhile, Javier Milei himself charged against the business sector that demands a devaluation of the exchange rate and called them “Deva operators.” The Argentine president shared an extensive message through his official X account where he denounced that “they ask to devalue to lower wages and Thus being able to continue living in a comfortable way“
“Do you think it progresses impoverishing workers? It’s like believing that to get out of the well you would have to dig more in it, “Milei accused in his message.
Source: Ambito
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