Even after easing Argentina’s tight grip on its currency, President Javier Milei is sticking with a core approach: intervene, manage and prop up the peso, in an effort to keep inflation down.
On January 1, the Central Bank started letting the peso trade within a range that expands at the pace of monthly inflation and embarked on a plan to accumulate foreign reserves. Both measures won praise on Wall Street as sensible fine tuning to an economic framework investors widely applaud.
Behind the scenes, monetary officials are deploying another strategy to counter the impact of pesos going into the market from the Central Bank’s d
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