"The difficult months are lived because inflation is more than expected"

COUNTRY & WORLD

Governor Maria Eugenia Vidal with the president of the bank Provincia. Recognized high inflation.

The governor of Buenos Aires, Maria Eugenia Vidal, acknowledged yesterday that "difficult months" are being experienced in the country and said that this is due to the fact that "inflation is more than expected" and the Rates "We are going through difficult months and we will be traveling together," said Vidal, who felt that in this context, "the state can not look away"

. Banco Provincia for consumers, the representative of Buenos Aires said: "We know that inflation is more than expected."

In this context, Vidal recalled that the provincial banking entity had announced "Support lines for SMEs". the rates (of interest) are very high. "

Accompanied by the president of Banco Provincia, Juan Curutchet, the governor has relaunched the program of 50% discount in supermarkets for customers of the entity, which will begin Wednesday.Early 18th October and will benefit, as calculated, more than four million people.

The Buenos Aires agent pointed out that the benefit would cover credit and debit cards with "a 50% discount in supermarket purchases, for food , soft drinks and cleaning products, with a monthly repayment cap of 1500 pesos. "

The measure will begin on July 18 and" will be applied on the third and fourth Wednesday of each month, "said the governor at a press conference offered in the provincial capital.It will be available in 239 branches of the Coto, Disco, Jumbo and Plaza Vea chains across the provincial territory and the city of Buenos Aires.

"We are going through difficult months, convinced that we will overcome them together, that this province and Argentina will get up. As we work together to make this happen and get up, we need to be closer than ever and the state can not look away, "he said.

Vidal adds: "We will continue to take steps to accompany this moment, which is transitory.We will recover, we will go forward.We are taking the best path for a serious future for the Argentines, to really grow up and forever. "

He stated that the announced program" will benefit more than 4 million residents of Buenos Aires who are Banco Provincia's clients ".

In this regard, he argued that the bank "for many years spent most of its resources to lend money to the provincial government, instead of providing benefits to the population of Buenos Aires. "This was completed in 2015. Throughout our administration, we have not requested resources from the bank during these two and a half years," said the president, adding that, through this, the entity could institute mortgages for the field to recover after emergency situations such as droughts or floods, credit lines for SMEs. As detailed, you can access the promotion with Banco Provincia Visa Debit, Visa Credit and Mastercard credit cards in adjacent supermarkets, with a refundable cap of $ 1,500. The products that will be part of this promotional package are: food in general (including fresh produce), fruits and vegetables, selected cuts of beef (roast, roast beef and pork), all pork pieces, cleaning, non-alcoholic beverages and products "Price Neat" of all categories included in the promotion.

Inflation

Vidal