President Javier Milei once again rejected the devaluation and insisted on the path already advanced to consolidate low inflation.
President Javier Milei returned to reject devaluation and insisted that will lower inflation. He also assured that the whitewashing was a success and that this was evidenced by the growth of deposits in dollars. “We have recovered mountain stability, which is the basis for having an economy that grows”said the president during his speech.
“If I devalue, what is the problem? The problem is that I need to send resources to the non-tradable sector. And if it devalues, I break the price signal. And Argentina has had that problem since it had that damn institution, the BCRA, because they use it to fix problems in the real sector“said the president.
He also highlighted that one of the central objectives is to lower inflation. “In November and December we were discussing hyperinflation, seeing how we managed to get through day to day. Today one of the greatest tools of social mobility is returning: buying a property. Look if we have changed the macroeconomic context,” he highlighted during the CEAL general assembly.
Regarding the first section of the whitewash, he said that it “exceeded” all expectationsbecause “when you look at the deposits in dollars, what is happening is really shocking. Sometimes it seems that there is a lack of historical perspective or there is ignorance, bad intention or all of the same at the same time,” he said.
The President also warned that he has “3,000 pending reforms” and highlighted the task of the Minister of Deregulation, Federico Sturzenegger. “When we finish this mandate without a doubt we will be the freest country in the world, with what that means in dynamic terms,” he concluded.
Source: Ambito
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