Argentina Looks to Lift Final Currency Controls in Coming Months
- Bank aims to get `as close as possible' to 25% inflation
- Bank will lower interest rates when inflation is decelerating
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Argentina will aim to lift the remaining restrictions on currency trading in coming months and will only intervene in the market when moves are “unjustified,” central bank President Federico Sturzenegger said.
Sturzenegger, who said the central bank has no estimate for the value of the peso at the end of the year, reiterated his commitment to a floating currency in a press conference Thursday. He said the peso should move in line with the real in Brazil, the country’s biggest trading partner.