Argentina’s libertarian President Javier Milei is slowing the monthly devaluation of the peso, doubling down on an unorthodox currency policy that he says is essential to ending the country’s inflation crisis.
Milei last year allowed the peso’s official exchange rate to weaken by just 2 per cent a month, or 22.8 per cent over the year, despite consumer prices rising 117 per cent in 2024 compared with 2023. That caused the peso to appreciate more than any other currency in real terms last year, fuelling concerns about the competitiveness of Argentine businesses among some economists.
The so-called “crawling peg” devaluation will slow to 1 per cent a month starting in February, Argentina’s central bank said on Tuesday.
您已阅读24%（724字），剩余76%（2331字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。