The government of Argentina has increased the 2018 inflation goal after failing to keep prices inside the 12% to 17% target range this year.
The 2018 inflation target rose from 10% to 15%, while the 2019 goal increased from 5% to 10%. For 2020, the government intends to seek a 5% inflation. Argentina’s Finance Minister, Nicol?s Dujovne, said that the new targets reflect the country’s economic reality.
Annual inflation in Argentina fell to 22.4% in November from 22.7% in October, prompting the country’s central bank to keep its main interest rate unchanged at 28.75%.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
