No official inflation data was published in the past week. However, several indicators followed up by the monetary authority suggest that the disinflation process remains in line with the path set.
The indicators and estimates from public and private sources monitored by the BCRA suggest that the disinflation process continues to roll on in August, leaving aside the reversal in regulated price increases.
On the basis of this information, the BCRA reduced both the monetary policy rate and the repo rates by 50 basis points, the former falling to 28.25%. The BCRA will continue to take precautionary actions seeking to ensure a sustained disinflation process.
The BCRA will continue to take anti-inflationary measures to make sure that a sustained disinflationary process will go on to achieve the objective for this year (1.5% monthly inflation rate or lower in the last quarter).
