2023-05-16 17:41:49
Faced with inflation of 8.4% in the month of Aprilthe government announced a package of measures to try to combat the increase in prices in certain sectors, prioritizing food and beverages.
In this context, we communicate with Damian Di Paceeconomic analyst, who spoke about the situation of the economy and the scope of the measures announced by the Minister of Economy.
“We must give 48 more hours to this package of measures because only now does the new interest rate come into force,” said Di Pace, who later completed: “We have to see what happens with the renewal of fixed deadlines in the next few hours”.
“The 8% rate points to inflation being below that number in May and that doesn’t seem to be so. You have to see what the wholesale inflation will be that will be known today ”, shot the interviewee. “The Government is not complying with the agreement with the IMFwe need a positive real rate and a devaluation”, he added.
Along the same lines, the analyst said that the rate hike increases the quasi-fiscal deficit. “This rate is of tension and riskThere are many people who can try the North American currency because they have been losing with the fixed term”, he explained.
Later, Di Pace assured that the measures need to aim at a medium-term solution. “A devaluation is being requested by the IMF and the Government wants to avoid it at all costs”he added.
Finally, the expert said that devaluation is inevitable but that the government wants to do it by accelerating the crawling peg. “The devaluation will generate more inflationToday there are many products that look at the parallel and not the official one”, he concluded.
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