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Economist Domingo Cavallo's February 2018 report says uncertainty over monetary policy after the government raised its inflation target to 15% has pushed up expected inflation for 2018. He argues the government can still reverse this by using fiscal and wage measures alongside monetary policy.
The report points to a binding cap on primary spending growth of 16% and wage-increase targets of 15%.
Rising inflation expectations and the policy mix affect the peso and Argentina's macro stability, which influence the country's import costs and export competitiveness. The direct effect on feed commodity prices is limited.
globalsourcepartners.comDomingo CavalloFeb 7, 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.
