Argentina peso policy shifts: the central bank dropped its 1,500 defence, rates are falling, and time deposits now pay 21 percent, near or below inflation.
ARGENTINA · MARKETS
Key Facts
—What happened: Argentina’s central bank has stopped defending 1,500 pesos per dollar and is letting peso rates fall.
—The numbers: The wholesale dollar closed Friday at 1,512 and held on Monday; the retail dollar stayed at 1,535.
—The real story: The government is switching anchors, from the exchange rate to cheaper money, to keep disinflation alive.
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