Reported about 1 year ago
President Javier Milei discussed potential adjustments to Argentina's crawling peg policy, indicating a slowdown in devaluation if inflation decreases further. He mentioned that the peg could decrease to 1% from the current 2% once monthly core or wholesale inflation drops to 2%. Although there is no immediate policy change, Milei's remarks shed light on the country's currency management amidst concerns of overvaluation and the necessity of selling foreign reserves to maintain the peg.
Source: YAHOO