The Executive Branch announced the inflation targets today at a joint press conference by the Chief of Staff, Marcos Peña; the Minister of Finance, Nicolás Dujovne; the Minister of Finance, Luis Caputo and the President of the BCRA, Federico Sturzenegger. They are:
- 2018 | 15%
- 2019 | 10%
- 2020 | 5%
It was also announced that the monetary financing of the fiscal deficit will be significantly reduced: for 2018 it will be $140,000 million and for 2019, $70,000 million.
Thus, transfers from the BCRA to the Treasury will go from 4.4% of GDP in 2015 to 1.1% in 2018 and 0.5% in 2019.
