the Central Bank presented yesterday the market expectations survey (REM), in which the forecasts of 53 participants were relieved: 33 consultants and local research centres, 13 entities fi nancial of Argentina and foreign analysts 7.
Remained the projection of fall of 1.2% of the economic activity, more than double the estimate in the official budget (- 0.5%) but less than calculated by the International Monetary Fund (1.7%). Analysts foresee a declining path of general inflation, however, the projections for February increase by cutting prices to slowdown trend is venia showing since October. Their short-term forecasts indicated average monthly inflation around 2.5% until April 2019.
Newly published survey of expectations of market of the Banco Central and corrects up to 29.9% of average inflation for 2019
for February, expected 2.6%, which confirms the brake to the downward trend of the inflation that was in the third trim estre 2018. pic.twitter.com/dZzrW66rso – Julia Strada (@Juli_Strada) February 4, 2019 respondents projected for February-an average rate of LELIQ pesos of 52.8%, down almost two points in relation to its past estimates. They expect that the benchmark interest rate is 37% for December of this year. On the exchange rate, the projections of analysts went down and expect that it is locate on average on $38.3 to the dollar during the month, which means a decline of 4.3% compared to the previous study. End of year dollar located in $48.En this note:
