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The Credibility of Indec as an Anti-Inflationary Anchor
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To lose the habit, the Argentine macroeconomics had a quiet beginning of year. As expected, on January 9, one of the two most important debt maturities of the year was paid without hesitation. Then, the Central Bank (BCRA) began to buy dollars with an exchange rate below the roof of the bands. And, as expected, the accumulation of reserves increased the appetite for Argentine public debt and the country risk contracted to the lowest level in 7 a…
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