Economy Minister, Luis Caputo, made two surprise moves in his war on inflation – knocking the floor out of interest rates to bring down prices to approximately 80 percent and freeing imports on a variety of food items to bring down prices, after admonishing supermarkets for basing their pricing on the dollar at the start of this year, instead of the current greenback slipping below 1.000 pesos. At the AmCham summit, he also revealed talks were “just starting” with the IMF over Argentina´s US$44-billion- credit programme, with all options – including further monies – on the table.
SOURCE: www.batimes.com.ar