Argentina's Central Bank Will Contribute To Elevated Inflation

• Inflation in Argentina is expected to remain among the highest in the world, underpinned by the steady expansion of the money supply and a lack of trust in the financial system.
• The forecast inflation will average 45.2% y-o-y in 2020, brought down only modestly from 53.8% in 2019 due to price controls on core goods.
• Fitch believes current monetary policy is discouraging domestic savings and contributing to the structural drivers of elevated inflation.

(Source: Fitch)