Argentine rates leave the chart | The IMF …

In a section of the Monetary Fund report entitled World Economic Perspectives, in which the agency estimates that a high inflation will persist in Argentina, will badyze the different monetary policy interest rates applied by each country to remedy its financial imbalances. . IMF technicians had to resort to a special scale to account for the exorbitant level at which Mauricio Macri used the rates to try to contain the dollar.

In order to compare Argentina with other countries, the report has defined a scale to the right of the graph – as well as Turkey – to badyze the evolution. While the normal scale ranges from 0 to 25 percentage points, it reaches 55% for Argentina and Turkey.

However, in the country, the key interest rate already exceeds 65% per annum. "Following the ongoing adjustments to reduce financial imbalances in Argentina and Turkey, rates have declined slightly but remain high," according to the agency's report.