26.08.2023
INFOBAE

The market anticipates another discrete jump in the exchange rate after the presidential elections.

Economy Minister Sergio Massa confirmed that the official exchange rate would remain fixed at 350 pesos until October 30. The rapid pass-through to prices of the 21,8% currency devaluation implemented on August 14, which pushed inflation projections into double digits for August and September, also fueled market anxiety about a new—and potentially sharp— currency adjustment after the presidential elections.

Coverage in other media: r24n.com

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