He Central Bank (BCRA) announced this Monday that starting next year Floor and ceiling of the alternating belts is updated every month in line with the latest inflation data. The company also expected that it will launch an international reserve accumulation program in line with the development of money demand and liquidity of the foreign exchange market in accordance with the needs of the market.
“Monetary policy management will aim to ensure that the money supply coincides with the recovery in money demand.with supply being prioritized through the accumulation of international reserves. “Monetary programming will define a consistent path for monetary aggregates that makes the disinflation process compatible with the accumulation of international reserves,” the company said in a statement.
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