Argentine Central Bank Chief Quits in Currency Dispute; Hyperinflation On the Way?
MishTalk
OCTOBER 1, 2014
There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced. Mr Fábrega leaves the central bank as annual inflation has climbed to around 40 per cent, and presided over huge monetary emission to finance a growing fiscal deficit, with negative real interest rates of about 20 per cent.
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