The administration of President Mauricio Macri is taking policy measures to curb inflation rates and reduce expectations on further peso devaluation ahead of presidential elections this year. The Argentine government seeks to limit the erosion of consumers’ purchasing power amid accelerating inflation rates, announcing a package of new economic initiatives that includes a freeze on utilities tarrifs and a new FX intervention zone for the reminder of the year.
Argentine Government Take Steps to Curb Indlation, FX Risk; Freezes Utilities Tariffs Ahead of Presidential Elections
Carlos A. Abadi
Carlos is a 30-year veteran international investment banker who pioneered a number of financial products, such as the trading and swapping of emerging markets sovereign loans in the wake of the 1982 Mexican debt crisis, the trading market for derivatives on emerging markets bonds and loans, the first non-dilutive CET1 transaction compliant with Basel III rules, and the first Chapter 11 filing for a Latin American issuer.Discover more