For a private consultant, inflation in March was 5.7 percent

EcoGo consulting economist Marina Dal Poggetto predicted that April inflation will be “5.7 percent” and warned of the possibility of “a Gate 12 effect” due to the government’s financial policy to take out more peso debt and continue selling Lelics.

Banks, investment funds and foreign investors ”are playing in the game of high interest paid in pesos today and the risk you have is to cause a door 12 effect, that is to say that all the time they want to get rid of the weight.

He said that “if you don’t have financial coordination, neither externally nor internally, the program is weak and inflation is changing the regime from the phase of 55 to 65 percent per yearl, in Millennium Radio Fact About Fact.

The Gate 12 Tragedy took place on June 23, 1968 at the River Plate stadium, when 71 people were crushed to death as they all tried to leave together.

More on the problems with the current management of the Central Bank, “there is a risk of migration in connection with funding the Treasury’s peso debt ”in case Together for Change is confirmed as the winner in next year’s presidential election, he said.

The agreement with the IMF “tells you to make monetary adjustment more gradual than monetary and financial adjustment that is different from market debt. The loan is getting now and right now the refinancing is happening, but it happens in the very short term and is indexed”.

If there is a change in politics in 2024 and we start talking about changes in the economic regime, “what is behind that is what you do with the surplus pesos and with those contracts. No one buys bonds after the middle of next year”.

He then gently said that “there should be no risk of hyperinflation (because of the income from soybean exports) but sometimes we have a hard time. “

“We are managing 5.7% inflation for April. This is one point lower than in March. The survey showed that the last two months, it was somewhat below the INDEC, it is likely that now we are a little above, “he said.

In March, there was a price increase in the third week of the month when Alberto Fernández “coordinated” the price increase of all who had to rise in the face of the hope that after declaring war they would no longer be able to. go up. “

In addition, “there is a very high weekly inflation peak in the third week of March and this forms a very high drag for the month of April. May should be below the April average. What people see on the street is rising the prices.Technically, there is something to that.

The government is indexing the economy at a higher rate (55 to 65 percent per year). The only anchor left for the economy is the Fund agreement and you have the government side rushing to the deal”, In reference to the declarations of Buenos Aires minister Cuervo Larroque and deputy K Cecilia Moreau.

“If there is no horizon, there is no credit market. Either we extend the horizon of economic policy or not. (…) We discuss whether one borrows more than one. If there is no horizon of economic policy, there is no agreement with the Fund that will save you Dal Poggetto graduated.