Exact(49)
There's not even talk of a new inflation target.
That number will be hard for provincial employees to swallow given the government's new inflation figures.
Or maybe the Fed's efforts would translate into little new growth and lots of new inflation.
The new inflation statistics are another sign of Argentina's halting moves towards economic orthodoxy.
On December 9th the IMF board met to review Argentina's progress on a new inflation index.
(That number will be recalculated on Wednesday when the government releases new inflation data).
Similar(11)
The new inflation-targeting regime has also been quite successful.
The boss of the central bank, Raghuram Rajan, wants a tough new inflation-targeting regime.
Instead, his budget promises the opposite, scrapping a new inflation-index that would have slowed the growth of outlays.
The Treasury did not say how large the sales of the new inflation-protected securities would be.
Still, for investors it helps that the new inflation-indexed bonds have more juice: both the principal and interest amounts are insured against inflation.
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