Argentina's Strategy to Combat Inflation: Ceasing Monetary Base Expansion
Saturday, 13 July 2024, 15:12
Argentina's Anti-Inflation Measures
Argentina is taking decisive steps to tackle inflation, with Economy Minister Luis Caputo leading the charge.
Stabilizing Money Supply
The government will no longer expand the monetary base to curb inflation.
- If the central bank sells dollars, the money supply will remain the same or decrease.
- Equivalent pesos issued by the central bank will be offset by the sale of equivalent dollars in the official exchange market.
This move signals Argentina's commitment to controlling inflation and maintaining economic stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.