Financial News: April 2025
After a beginning of April in which expectations remained unanchored, the government announced a new EFF with the IMF, which brought with it a flexibilty in the exchange rate towards a band regime. The new macro framework is superior, but it will bring challenges, and the market is watching closely monitors the BCRA’s ability to begin accumulating genuine Net Reserves, with the government ensuring that it will only buy USD when the Exchange Rate goes to the floor of the exchange rate band. The other focus of attention will be the national legislative elections, although the calendar marks several local elections that will also be closely followed to monitor the social mood.
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