The bank expects stable interest rates in the short term and inflation of 2.5% this year and 3% in 2013, according to the quarterly monetary-policy report.
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Forex
Euro breaks tree line after a long period of downfall
- Tuesday, 14 August 2012 09:02
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The EUR/USD reached 1.2240, the 2nd target mentioned in last week’s update, before finding support.
Argentina loses 10.52bn foreign currency
- Monday, 25 June 2012 15:56
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Foreign-currency deposits fell to 10.52 billion on June 15, the central bank said in a report Friday. Those deposits are overwhelmingly US dollars, which Argentines view as a safe haven amid times of economic uncertainty.
Peso dips against Dollar
- Tuesday, 12 June 2012 21:11
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Cavallo urged the Government House to “immediately come up with a plan that helps curtail the population’s current distrust for the Argentine peso,” and once again defended the convertibility plan, the former minister's brainchild during the 90s that defined the country’s economy for years.
Ruble going weak against Dollar
- Friday, 01 June 2012 14:16
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The ruble continued its nose dive against the dollar Friday, plummeting in trading by around 80 kopecks to a level of 33.73 rubles to the dollar by noon, after hitting a three-year low Thursday.
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