Central Bank governor Alejandro Vanoli ruled out new measures to be taken in the foreign exchange market, rejecting also a devaluation of Argentina’s peso currency.
In statements to the Radio 10 station, Vanoli today highlighted the increase in fixed-term deposits after the government raised the interest rate floor and denied the Cristina Fernández de Kirchner administration was considering “restrictive measures.”
“We are not thinking in taking any restrictive measure,” Vanoli said and questioned sectors that stir the “ghost” of devaluation in an electoral time.
Source: Buenos Aires Herald