Argentina creates new monetary policy committee

Central bank leaves rates unchanged on high inflation pressures

The Central Bank of Argentina
Javier Pierini

The Central Bank of Argentina has created a new monetary policy committee as part of the policy framework update the new leadership is implementing, the institution said on August 7.

The committee will be called Copom and will be made up of four members: the president of the central bank; the vice-president; a director designed by the board; and the deputy general manager of economic research.

The new body will play an executive role, rather than the advisory function it had been traditionally

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