The market anticipates inflation of 30% by 2018 – 07/03/2018

Thus, the inflation rate increased by 2.9% compared to the May survey, where the expected inflation was 27, 1%. In April it was 22% and in March it was 20.3%.

The inflation forecast for the next 12 months also increased: from 22.2% to 24, 2%. In April, this value was 15% and in March 14.3%.

In 2019, the expected inflation reached 20.2% for the general level. How was the wait for 2019 in the previous months? May: 19%; April: 15% and March: 14.3%

Meanwhile, REM project participants project growth in gross domestic product (GDP) for 2018 of 0.5% ( 0.8 pp lower than the previous survey ).

On the other hand, the market believes that the nominal interest rate in effect to date – which is 40% – – will remain until July, and then will have a reduction progressive at 33% by the end of 2018.

"The Results EMN indicated an increase in inflation expectations compared to the previous survey, projecting a downwardly-flowing inflation trajectory "the official statement said. 19659008] BCRA Market Expectations Survey Conducts "Systematic Follow-Up" The main short-and medium-term macroeconomic forecasts are generally made by specialized badysts, both local and foreign, on the market. Evolution of certain variables of the Argentine economy. "

new investigation is published in a day when the dollar closed ($ 28,666 retailer), after the outbreak that made him touch the $ 30 to the end of last week and with a country risk that pbaded the 600 points

This increase occurred despite the auction of BCRA Dollars: the entity, with the values ​​put this Tuesday, has already sold 1300 million dollars since Thursday 21/06, when it began to place the currency of the IMF. By the sale of dollars it is tried to lower the demand and, therefore, its quotation in pesos.

In this line, Monday, the BCRA had increased by 3 percentage points bank reserves for deposits in pesos (that is, ie deposits that banks do not they can play)

It was added, like that, to another 3-point increase that came into effect on June 18 and to the 2 points that will come into effect on July 18th. The new reserve represented a monetary absorption of $ 60,000 million.

Thus, the decision to withdraw liquidity (withdraw liquidity) from the market by increasing reserves made it possible to maintain, at least for an additional 24 hours, calm on the foreign exchange market.

The dollar's decline is finally accompanied by a rise in interest rates on the Central Bank's Lebac that jumped to nearly 70% per annum .

With the agreement of the IMF (they immediately impacted 15 billion US dollars, out of a total of 50 billion US dollars) and investments from debt in pesos and dollars until now in 2018, the public debt would reach about 365 billion US dollars

Finally, the stock market of Buenos Aires (Merval) rebounded Tuesday of 7.4% with Very strong growth in Metrogas (+ 16.70%), Transener (+ 14.43%), Banco Macro (+13.23) and Superville (+ 12.15%).

The stock market suffered from black days, such as dollar bond prices, in the midst of local and international turmoil.