The Vice President of the Central Bank, Vladimir Werning, revealed that an inflow of approximately USD 3.600 billion is expected from debt issued by companies, which will bolster the monetary authority's reserves. These operations have strengthened the BCRA's reserves at the start of the year. Speaking to investors in London, Werning also stated that the purchase of dollars by individual savers has diminished. He also mentioned that after the price acceleration in December, which pushed the IPC to 2.8%, inflation has begun to ease in January, although he avoided projecting a monthly index. Werning, who spoke at an event organized by BBVA bank, is the Central Bank official in charge of these types of meetings with investors, mainly abroad. In the English capital, he presented his talk under the title 'Post-electoral financial normalization paves the way for reforms, remonetization, and reserve purchases.' Werning stated that the outcome of the legislative elections in October was a watershed moment for the demand for dollars among savers.
Argentine Central Bank VP Announces $3.6 Billion Inflow
Argentine Central Bank VP Vladimir Werning announced an expected inflow of $3.6 billion from corporate debt, which will boost the country's reserves. He also noted a decrease in dollar demand from the public following the elections and the beginning of a decline in inflation.