Fynsa
It will be vital to monitor upcoming data to assess the need to accelerate the process of cutting the MPR.
Our economy's low growth potential should be a top concern, regardless of what the monthly data may show
While the macro framework was maintained, the depreciation of the peso has bothered the Central Bank, which has not wanted to add "more gasoline" to the reduction of the interest rate differential.
The evolution of inflation facilitates communication in the face of an imminent cut in the central bank's TPM.
Of concern is what is happening with core inflation, which rose 1.6% in March.
The CPI for February was negative, but when we calculate price changes excluding the most volatile items—which saw the sharpest declines—we find that inflation is still here.
As usual, I wanted to summarize our main projections for 2023, at the risk of being overcharged in twelve months' time.
