LatinNews Regional Monitor: Brazil & Southern Cone - 28 November 2019

*Argentina’s central bank (BCRA) has revealed that it has transferred Ar$20bn (US$33.8m) to the national treasury in ‘advance funds’. This is the first time that the BCRA has transferred funds to the treasury since an October presidential decree that authorised such transfers for up to Ar$400bn. A BCRA statement said that the transfer was designed to provide the treasury with additional funds to meet a seasonal increase in spending. The statement adds that the move is “completely compatible with the monetary policy objectives” defined by BCRA's monetary policy committee. But there are concerns that the release of the funds could lead to government overspending which could further stoke the national inflation rate.

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