BCRA keeps policy rate on hold at 60%
Inflation likely to rise more in the months ahead before improving, committee says
The Central Bank of Argentina’s (BCRA) monetary policy committee chose to keep the policy rate on hold at 60% at its meeting on September 11, having made an aggressive hike late in August.
The outlook for inflation in the short run looks uncomfortable, with high-frequency indicators pointing to higher inflation in August, as administered prices rise, and September, as exchange rates pass through. Market expectations have risen due to the sharp drop in the peso in recent weeks. Month-on-month
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