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Argentina: Too Little, Too Late

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Editorial

The Central Bank has changed the game. For the first time in a long time, it decided to devalue faster and timidly change the interest rate structure. It left the monetary policy rate at 38% but raised the reverse repo rate from 19 to 24%. Somehow, both measures are ...

 

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Argentina: Too Little, Too Late

Editorial The Central Bank has changed the game. For the first time in a long time, it decided to devalue faster and timidly change