Published • loading... • Updated
Why Argentina's Credit Keeps Shrinking Even as Inflation Cools
Summary by The Rio Times
2 Articles
2 Articles
Why Argentina's Credit Keeps Shrinking Even as Inflation Cools
Argentina private credit fell again in real terms in July as high rates and the BCRA's peso absorption squeeze lending - the so-called absorption trap. The post Why Argentina’s Credit Keeps Shrinking Even as Inflation Cools appeared first on The Rio Times.
Argentina has been the International Monetary Fund’s most loyal client for decades. Under President Javier Milei’s ‘chainsaw policy,’ that picture is shifting: inflation fell from a towering 290 percent to 33 percent in June. Yet the average Argentinian is noticing little of this, according to BNR’s resident economist Han de Jong. Companies are forced to close their doors, and forty percent of the population lives below the poverty line.
·Amsterdam, Netherlands (Kingdom of the)
Read Full ArticleCoverage Details
Total News Sources2
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
Factuality
To view factuality data please Upgrade to Premium
