The Central Bank's reference rate had fallen twice from 11% monthly to 8.6% and then to 6.8% and now drops from 80% to 70% annually, that is, to 5.8%. The Central Bank continued buying dollars and has accumulated just over US$ 13,000 million since the beginning of Caputo's administration.
Martín Rapetti, director of Equilibra, maintains that, after the increase in rates and the impact they generate on the indices, "at the end of June we would have an exchange rate equivalent to $725 at today's prices" The official wholesale dollar of $867 is updated at 2% condemns it to lose in the face of inflation and fuel the discussion about whether the exchange rate is heading, once again in contemporary Argentine history, to a situation of delay, says Rapetti. The search for stabilizing prices is evident, but it is evident that the goal weighs more than increase in the cost of production index.