Argentine Government Take Steps to Curb Inflation, FX Risk; Freezes Utilities Tariffs Ahead of Presidential Elections - DecisionBoundaries

Argentine Government Take Steps to Curb Inflation, FX Risk; Freezes Utilities Tariffs Ahead of Presidential Elections

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.

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