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Werner said that country's inflation estimates are not generally revised, but admitted that "The review will be conducted at the end of the technical mission visit, which will visit Argentina in mid-February."
The head of the Fund estimated that in 2019, inflation would drop sharply. "Inflation forecasts will decline slowly as they stand at around 27% to 28% by 2019, but a decline in inflation from a rate close to 50% to one. rate of 27% or 28%, slow drop "said Werner.
"The probability is that we are revising our inflation forecast for this year above 20%." Mainly because the closing of 2018 was much higher than expected, "said Cordoba's economist, a Mexican nationalized. Werner has not stopped pointing out "the monetary policy so consistent that it has been implemented and the stability of the exchange rate that we see " Currently.
Werner also acknowledged that there was "a stability at undesirable levels of very high interest rates" and pointed out "Stability" in the exchange rate. "We hope that, thanks to this stability, interest rates will continue to fall"he said.
He could not deny that "it would be desirable that inflation had not been so high in 2018", then insist that "You have to focus on the change of trend."
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