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Today Dollar: the BCRA will analyze if it reduces the adjustment & # 39; 3% band – 11/29/2018



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The president of the Central Bank (BCRA), Guido Sandleris, anticipating that the body will analyze f & # 39; December if the adjustment & # 39; 3% of & # 39; each month the exchange rate is having is low.

Initially, f & # 39; in October, the area & # 39; non-intervention in the range was defined between $ 34 and $ 44 per dollar "B & # 39; update & # 39; & # 39 by day; rate & # 39; 3% per month," recalls Sandleris during his presentation to the American Council.

F & # 39; this framework, "the Monetary Policy Committee determines the rate during December & # 39; update & # 39; the area for the first quarter of 2019, which should be less than current", Advanced officer.

Sandleris admitted that the G20 Summit "takes place at a difficult time for our country," with "Recession, inflation acceleration and acute devaluation"

"Three factors led us to this situation: economic imbalances issued, the shocks as global character as well as domestic, and our own mistakes"He added.

On the current monetary program, which includes stiff monetary contrary, he argued that "this scheme, although it is somewhat old, is more adapted to the reality Argentina"

"The key element of & # 39; this scheme is a commitment the monetary base to grow by & # 39; 0% in June, B & # 39; & # 39 in seasonal adjustment; December. The waraha theory is quite simple: m & # 39; there should be overweight in the economy ", he concluded.

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