Economists warn that Leliq rates are not sustainable

L & # 39; economist Claudio Losing -ex director of IMF Western Hemisphere Department considered that a rate of interest "So high that it is impossible to maintain it for many years.I hope that a significant improvement in the economy will be seen at the end of the year or early next year because a rate of 60% is not sustainable ".

For Losing, "These are crisis rates that can not help Argentina unless they slowly reduce it.because if they were lowered to 20%, not only foreigners would get their money, but also the Argentines. And that would cause a very serious situation. "

In statements on the radio, the economist pointed out that the IMF "supports what the Argentine government is doing and has put a lot of money. It does not mean that if you change the Government after the presidential elections, I can not continue the collaboration ".

"The Monetary Fund is extremely accustomed to changes in governmentand even in my experience, it was possible to go from one to the other without too much shock. There was a process of understanding with (Mauritius) Macri and you have to see how he would be with a government with a different orientation, "he said. dollar quote, I consider that "it's good" that the American currency "Accompany inflation, but I would not say it's late, and I think Argentina is becoming competitive.".

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"Therefore, this Alberto Fernandez Suppose the dollar is late – while it was typical of the 2010-2015 period – it is incorrect. The dollar is in reasonable ranges in the bands, "he said.

For the economist, "after the elections will have to see .If this continues Government there will be more peace of mind and I do not think the dollar goes up as much. But if there is a change, then the quote can jump. "

For his part, the former secretary of Finances Daniel Marx warned that rates of Leliq "can not be maintained in time", and at the same time badured that the price of the dollar "not late".

"You can not maintain these rate levels over time. Leliq. Uncertainty must be reduced to reduce them, "said the former secretary of state Finances.

On the other hand, Marx considered that the dollar at 45 pesos "It's good, it's not late." The exchange rate at 45 is around the average, what happens is that this average is very variable..

"Sometimes there is a deficit in foreign trade and substantial income from investment funds, which makes the exchange rate low or – it may also – the exchange rate rises in times of great uncertainty. We must find a balance. In times of uncertainty, the dollar is rising, "he said.

In addition, he said that "The economic recovery is very punctual, it is not widespread, it is far from being expected".

Compared to government who will badume Dec. 10, said that "anyone winning the elections will face a series of significant challenges, which will require the support of society, overcoming personal and inter-party differences."