Open figure viewer
Subject
The Central Bank's 2015 monetary programme.
Significance
The Central Bank's (BCRA) 2015 monetary programme indicates that the main features of the current monetary policy framework -- characterised by an expansionary bias, foreign exchange controls and close monitoring of the informal exchange market -- will continue this year.
Impacts
The government will prioritise exchange rate stability, at the expense of economic activity.
The BCRA will continue using the official exchange rate as a nominal anchor.
Foreign exchange controls may be extended to discourage devaluation expectations and to protect international reserves.
Keywords:
Argentina,
LA/C,
economy,
politics,
election,
exchange rate,
fiscal,
foreign trade,
monetary,
policy,
prices,
regulation
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2015
You do not currently have access to this content.
