Forex - Argentina: April median of 12M Inflation Expectations drops to 20.0%. No need to hike again


 15:29 (GMT) 20 Apr

  [Economic Data]

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Argentina: April median of 12M Inflation Expectations drops to 20.0%. No need to hike again (0100-NGKJ-C01)

April 12M Inflation Expectations Breakdown (Median)

National: 20.0%

Capital: 20.0%

Great Buenos Aires: 25.0%

Interior: 20.0%

The median of 12M Inflation expectations dropped to 20 and will back the BCRA decision not to continue hiking rates after the large (150bps) and surprising tightening in its last meeting (11th April). With the BCRA wanting a convergence towards 17% at least although 15% would be a better result, the BCRA may have to wait longer to resume monetary easing.


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