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Weekly Report - 11 January 2018 (WR-18-01)

ARGENTINA: Adjusting economic targets, monetary policy?

The government led by President Mauricio Macri is under mounting public pressure to deliver solid economic growth and rein in inflation, which remained stubbornly high in 2017. Achieving these dual objectives will be difficult and the government has adjusted its targets. Yet this has produced some divisions between the government’s economic team, and the central bank (BCRA). The challenge for Argentina’s economic authorities is to re-balance their objectives to preserve unity and restore market confidence in their general policy direction.

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