Analysts raise Argentina’s inflation estimate slightly to 55% in 2022: central bank survey

BUENOS AIRES, Feb 4 (Reuters) – Analysts consulted by Argentina’s central bank raised their 2022 inflation estimate slightly to 55% from a previously forecast 54.8%, according to the monthly REM survey published on Friday by the monetary authority. of the South American country.

The Survey of Market Expectations (REM) also revealed that the analysts consulted project a growth of the third largest economy in Latin America of 3% this year from 2.9% estimated in the survey of the previous month.

According to the survey carried out by the Argentine central bank between January 26 and 31 among 39 participants, analysts expect the exchange rate to reach 160 units per dollar in December and 228.11 at the end of 2023.

The Argentine economy has recently begun to leave behind a long recession, which deepened in 2020 due to the effects of the COVID-19 pandemic.

The Government of President Alberto Fernández announced a week ago that it had reached an agreement with the International Monetary Fund (IMF) to refinance a debt of more than 40,000 million dollars with which it hopes to reduce uncertainty about its economic policies and lower the inflation rate. .

(Reporting by Eliana Raszewski)

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