- Caputo’s team has much rosier CPI path than market consensus
- New forecasts show central bank net reserves at -$4.2 billion
Argentine President Javier Milei’s economic team sees monthly inflation slowing much faster this year than analysts anticipate, a rare insight into his advisers’ projections as he tries to pull the country out of crisis.
Consumer price increases are forecast to slow to 3.8% by September, according to a presentation seen by Bloomberg News that’s dated April 4 and authored by the office of Economic Policy Secretary Joaquin Cottani, a top deputy to Economy Minister Luis Caputo. Analysts surveyed by Argentina’s central bank in March saw monthly inflation at 6.2% by September.
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