Weekly Report - 25 July 2019 (WR-19-29)

ARGENTINA | Maintaining exchange rate stability. On 22 July Argentina’s central bank (BCRA) announced the adoption of a series of new monetary policy measures designed to maintain exchange rate stability and contain inflation ahead of any potential volatility deriving from the 11 August party primaries leading up to October’s general election. An official BCRA statement said that its monetary policy committee (Copom) had agreed on several changes to the policy actions that it has been taking since last year in support of the peso and to reduce inflation.