The Economy Ministry’s new ‘price renegotiation unit’ will implement price increase caps and tax exemptions for companies
Economics
Eight different consulting firms are placing this month’s inflation rate between 10% and 15%
Candidates from the two most-voted coalitions were contacted by the lender
Prices are expected to soar following the 22% depreciation of the peso
Total inflation for the first seven months hit 60.2%, breaking the government’s goal for price increases in 2023
The statement was taken as tacit endorsement of Monday morning’s devaluation and interest rate hike
2023 electionsDollar & PesoEconomicsPolitics
Government devalues currency 22% amid electoral tension
The Central Bank also increased the interest rate by 21 percentage points
They announced a series of measures to be implemented in the week after the primaries
For the first time since February, the Economy Ministry did not offer US dollar-linked bonds