Argentina’s push for central bank independence faces hurdles

The Central Bank of Argentina
Javier Pierini

The Argentine government sent a bill to Congress on March 29 that aims to enhance the independence of the central bank, prohibits monetary financing and simplifies its goals. However, the legislation faces an uphill battle in the face of considerable opposition in parliament.

The bill would modify the act governing the Central Bank of Argentina (BCRA), adopting the changes agreed by the national authorities with the International Monetary Fund in 2018. These were included as conditions in the

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