The upper limit of the dollar's fluctuation band could exceed ARS 1,700 by mid-year, which expands the margin for the National Treasury and the Central Bank to purchase reserves. This conclusion is reached by applying the forecasted inflation from the Market Expectations Survey (REM), prepared by the Central Bank, to the new scheme for updating the fluctuation bands. It should be clarified that this does not imply that this will be the dollar's price, but rather the value at which the Central Bank will have to intervene by buying or selling foreign exchange to prevent it from surpassing that level, according to a resolution processed by the National News Agency. According to economist Amilcar Collante, the calculation is as follows: By December 31: ARS 1,527; By January 31: ARS 1,564; By February 28: ARS 1,597; By March 31: ARS 1,627; By April 30: ARS 1,655; By May 31: ARS 1,685; By June 30: ARS 1,711; By July 31: ARS 1,737. Expected inflation: December: 2.1%; January: 1.9%; February: 1.7%; March: 1.8%; April: 1.6%; May: 1.5%.
