The Executive Branch has announced the inflation targets today at a joint press conference with the Chief of Staff, Marcos Peña, the Minister of Economy, Nicolás Dujovne; the Minister of Finance, Luis Caputo; and the Governor of the BCRA, Federico Sturzenegger. The inflation targets are:
- 2018 | 15%
- 2019 | 10%
- 2020 | 5%
The monetary financing of fiscal deficit will be significantly reduced: ARS140,000 million for 2018, and ARS70,000 million for 2019.
Thus, transfers from the BCRA to the Treasury will decrease from 4.4% of GDP in 2015 to 1.1% in 2018, and to 0.5% in 2019.
