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In a section on the financial conditions of the Monetary Fund's report, the different monetary policy interest rates applied by each of the member countries to deal with their financial imbalances are badyzed. But on this occasion, IMF technicians had to resort to a special scale to account for the exorbitant level of fees applied by the administration of Mauricio Macri to try to contain the dollar.
In order to compare the data of Argentina with those of other countries, the report has defined a scale on the right of the graph – with Turkey – to badyze the evolution. While the normal scale ranges from 0 to 25 percentage points, it reaches 55% for Argentina and Turkey. Currently, in the country, the interest rate exceeds 65% per annum.
"After the adjustments still underway to reduce the financial imbalances, they have decreased a little but remain high," admits the report of the agency.
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