IMF praises Argentinian central bank for proposed changes to monetary policy framework

The Central Bank of Argentina

The International Monetary Fund has praised the Central Bank of Argentina (BCRA) for taking steps to establish a monetary policy council and adopt the seven-day repo rate at the policy rate.

In its first Article IV consultation in more than 10 years, published on November 10, the IMF focused on how the South American nation could restore "sustained and equitable growth, boost job creation and protect the poor from the costs of restoring macro-economic stability."

Argentina cut itself off from th