Rumors are growing about Sergio Massa’s arrival at the Ministry of Economy. Source: JUAN MABROMATA (AFP)
Assuming that it will play a central role in economic policy, the current head of the Chamber, Sergio Massa, has become collector of ideasraised by economists you trust, tending to establish some sort of “Economic program” apply from the first hours following their hypothetical appointment. The diagnosis of these economists obviously points to lack of dollars as the number one problem to solve.
The second problem, they say, is what they identify today as a lack of coordination of monetary and exchange rate policy.
Translation: “The BCRA is setting the nominal interest rate below the devaluation rate and the devaluation rate below inflation. This slows down the liquidation of exports and accelerates the demand for imports “
From there it follows that Massa will seek impose a proper name on the presidency of the Central Bank. Following, the stages of the Massa Plan.
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Source: Clarin
