Former Argentine governor dismisses stabilisation plan
Martin Redrado says monetary base targeting is unsustainable and insufficient to tame inflation
The stabilisation plan agreed in 2018 by the Argentine authorities and the International Monetary Fund (IMF) is failing to tame inflation while imposing ultra-tight financial conditions on the economy, says Martin Redrado, former president of the Central Bank of Argentina (BCRA) from 2004 to 2010.
“Monetary base targeting is insufficient and unsustainable to tame inflation and stabilise the economy,” says Redrado in a Central Banking article on the ongoing crises in Argentina and Turkey
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