Sunday , January 24 2021

The BCRA emphasized the decline in inflation and the protection of the role of monetary policy



He stressed that with this figure the rate between the years reaches 48.5%, when the accumulation of the year was 43.9%.

From the BCRA, they thought about it "In November there was a significant decline in both general and core inflation, compared to previous months."

It should be borne in mind that Indyk reported that core inflation – which includes prices that do not behave seasonally or regulated by the state or with a high tax burden – was 3.3% per month, down from an average of 6.1% in the previous two months.

"The goals of the monetary policy program are taking place, but given that inflation is still high, it is important to remain cautious." Held the entity under his chairmanship Guido Sandleris.

"As we have said in the past, monetary policy is lagging behind and we hope that the downward path in the inflation rate will continue in the coming months" The central bank concluded.

It should be noted that the November figures were higher than the forecasts of private consultants, who estimated an increase of between 2.5% and 2.9%.


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