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Research Team

Argentina Daily Coverage 12.12.2017

• BCRA holds policy rate at 28.75%, as expected
• CPI inflation slows 0.1pps to 1.4% m/m in November
• Lower house amends tax reform bill, adds duty on foreigners' LEBAC holdings
• Govt amends 2017 budget to raise spending by ARS 200bn, deficit target unchanged
• Some 13% of firms expect to hire staff in Q1, 4% to cut – Manpower
• Ex-President Fernandez to lead 8-member Senate block keeping FPV name
• Mercosur-EU trade deal to be signed by Dec 21 – ForeignMin Faurie
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