Martin Redrado, former president of the Central Bank between 2004 and 2010, participated in & # 39; number & # 39; G20 summits, especially those of 2008 and 2009 when the leaders began to participate and the G20 made progress in & # 39; & # 39 recommendations; policy to avoid having the world has been declining for a great depression like in the 1930s In the document & # 39; Buenos Aires, Redrado observe encouraging message timely reduction in global economic growth forecast IMF. So things, Redrado, finding a recommendation to discontinue raising rate & # 39; international interest. It's not an ultimatum, but he sign.
In paragraph referring to monetary policy, the declaration states that "We will continue to support economic activity and ensure price stability b & # 39; consistent with the mandates of central banks. "According Redrado," is a signal to stop raising the interest rates or to reduce the rate of & # 39; increases in interest rates, especially in the United States. And put the first growth before price stability with & # 39; especially the way the Fed and other developed countries set the adjustment rate & # 39; forward. The Fed plans retouch this month and three in 2019. It is likely to have two or three more adjustments to the rate until early 2020. "
– But the document can & # 39; e affect the monetary policy & # 39; the United States?
-The G20 was effective as he successfully coordinate fiscal and monetary policies that have enabled the world out of the crisis. What you are saying now is careful to raise the rate very quickly because it & # 39; obliterate world growth.
That message is not small for Argentina: any increase in rates & # 39; the United States, seeks capital from emerging countries and makes more expensive.