Monday could see

Monday could see a drop in the dollar but was mostly motivated by the emergence of new exporters and the Central intervention as seen in this note Chronicler. But banks still appear unwilling to raise deposit rates (those who pay their clients) and the mechanism does not sound like the best way to confront a recessionary situation, because higher rates mean raising active passive (those charged) . The banks claim that there is no need to raise rates because the deposits grew almost 1,000 million average over the past 20 years. Also, explain that before a fear of devaluation or default (as suggested by some analysts) no fee to persuade investors to “stay” in pesos. I think the position of both are acceptable. In turn, I side with the banks on the rise in rates during periods of recession is not the best strategy to halt the dollar, but we also know that we should not abuse the reserves to put a brake on the dollar . It should look for other alternatives that do not have a negative impact and have a good strategy, but good … That’s why we have to our “brilliant” economists who have well-defined tasks to get us out of these problems. For my part I believe that we must pay close attention to economic plans that will arise because, as always, directly or indirectly impact on the population, and as is customary in Argentina, generally impacting negatively! I hope I’m wrong and in the medium term be talking about how well we came out of the crisis. Greetings and thanks for your time! Adrian Nardelli.