The Argentine government has extended its timeframe for bringing down inflation as the economy grapples with a stronger peso and a big current account deficit.
The new inflation target for 2018 is 15%, falling to 10% in 2019 and 5% in 2020. The authorities had previously set a target of 8–12% for this year.
The decision comes after the administration missed its 2017 objective of 12–17%, with the International Monetary Fund estimating inflation at 23.6% for the year. The move is expected to inc