Popular:

Argentine Central Bank sees "feasible" inflation targets set for 2018

Argentine Central Bank President Federico Sturzenegger said today that he sees "feasible" to meet the monetary policy inflation targets set for 2018, despite the fact that Recent data on consumer price developments have not been the most desirable.

Buenos Aires, Oct 18 (EFE) .- Argentine Central Bank President Federico Sturzenegger said today that he sees "feasible" to meet the inflation targets of monetary policy set for 2018, although recent data on consumer price developments have not been the most desirable.

At a press conference, Sturzenegger said the "trajectory" which show the prices "consists" of the inflation target set by the Central Bank for 2018, 10%, with a margin of two percentage points upwards or towards

"We believe that they are fully feasible. We are very confident that this will be the case and we will continue to be consistent, as we have been so far," Sturzenegger said. to refer to the targets set for 2018.

However, he acknowledged that the September consumer price data "were not the numbers" Central Bank technical team.

As reported last week by the National Statistics Institute, consumer prices in Argentina rose in September by 1.9% over August and already accumulated a 17.6% increase in the first nine months of the year.

These data exceed the inflation target established for 2017 by the Central Bank, between 12% and 17 %.

In September, Sturzenegger emphasized that "the process of inflation in the third quarter has continued."

"The process of disinflation continues. it continues at a pace that is not what we wanted, "said the president of the Central Bank, which implements a restrictive monetary policy.

Sturzenegger acknowledged that there are differences between the goals of the Central Bank and the expectations of the market players consulted monthly by the monetary authority.

Thus, while the Central Bank has a target for 2018 of 10%, the market expects inflation to be 15.8. these differences, Sturzenegger pointed out, "there is a persistent consensus in the market that the process of disinflation will deepen in the coming months and in the years to come."

Comments 0

?
No comments for this article yet!
EUR/USD

EURUSD=X

1.1747 -0,00 -0,24%
USD/CHF

CHF=X

0.9581 -0,00 -0,09%
GBP/USD

GBPUSD=X

1.3067 -0,02 -1,54%
USD/JPY

JPY=X

112.5670 +0,09 +0,08%
USD/CNH

CNH=X

6.8451 +0,01 +0,15%
USD/CAD

CAD=X

1.2912 +0,00 +0,06%
IBEX 35

^IBEX

9590.40 +6,70 +0,07%
IBEX MEDIUM..

INDC.MC

15377.30 -38,40 -0,25%
IBEX SMALL ..

INDS.MC

7490.80 +5,90 +0,08%
IBEX TOP DI..

INDD.MC

3047.90 +1,80 +0,06%
FTSE LATIBE..

INDB.MC

1249.20 +9,20 +0,74%
FTSE LATIBE..

INDL.MC

8444.10 +226,10 +2,75%
Abertis Inf..

ABE.MC

18.36 +0,00 +0,00%
Actividades..

ACS.MC

37.83 +1,03 +2,80%
Acerinox, S..

ACX.MC

12.24 -0,03 -0,24%
AENA, S.A.

AENA.MC

150.45 +4,75 +3,26%
Amadeus IT ..

AMS.MC

78.26 +0,46 +0,59%
Acciona, S...

ANA.MC

75.86 -0,12 -0,16%
Financial S..

XLF

28.74 -0,11 -0,39%
VanEck Vect..

GDX

18.78 -0,15 -0,79%
SPDR S&P 50..

SPY

291.99 -0,22 -0,07%
Vanguard FT..

VWO

41.80 +0,17 +0,41%
Direxion Da..

TZA

8.24 +0,12 +1,48%
Utilities S..

XLU

53.06 +0,22 +0,43%
Cookies help us to offer our services.
Reset Password