Argentinian president appoints new governor
Miguel Angel Pesce rejects high interest rates as means of reducing inflation and backs price controls
Argentina’s incoming president, Alberto Fernández, appointed a new governor on December 6 following the resignation of Guido Sandleris last week.
Fernández chose Miguel Angel Pesce to lead the Central Bank of Argentina (BCRA), as the South American economy grapples with a protracted recession, high inflation and low reserves. Pesce served as BCRA’s deputy governor from 2004–2015, during the presidencies of former presidents Néstor Kirchner and Cristina Fernández de Kirchner.
Up until his
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