Emerging markets
Argentina peso 1,490, crawl tied to CPI pace
Band expands at monthly CPI velocity, ditching fixed 1% pace. Foreign reserves target $10B. Post-announcement peso -3.46% but bonds rally.
Primary sources · 2
Band expands at monthly CPI velocity, ditching fixed 1% pace. Foreign reserves target $10B. Post-announcement peso -3.46% but bonds rally.
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