Loading…
The IMF staff country report on Argentina says preliminary data suggest the end-June performance criteria and structural benchmark are likely to be met. End-June inflation exceeded the inner band of the consultation clause due to pass-through from peso depreciation.
Fiscal spending restraint reduced the primary deficit in the first half of 2018.
The report reflects Argentina's macroeconomic stabilization program, which supports the peso and import capacity but has limited direct impact on feed commodity prices.
elibrary.imf.orgInternational Monetary Fund. Western Hemisphere Dept.Oct 26, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
