Monday , October 3 2022

Javier González Fraga, on the economy: "The surgery is over" – 05/12/2018



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Head of National Bank Javier González Fraga ensured that the financial and financial plan promoted by the Government, gives "huge possibilities" to re-election President Mauricio Macri.

"The operation has expired, now the resettlement is"He noted the economic measures in a financial magazine from Bank Magazine on the Stock Exchange.

Also, before the Clarin application, he supported the BCRA's measure to eliminate a floor 60% of the rate, ensuring that coincides with a fall in inflation expectations.

"The operation (from financial correction and finance) ended, now we're starting to walk along an exchange stability route and I want the dollar to vary in the middle of the fleet band. We have achieved a reasonable rate of exchange and people do not want to exchange arrears, "he said.

The officer was also optimistic about the scenario, not only sudden decrease in inflation but also in rates, this measure is only known this Wednesday when the Central Bank announced.

"Inflation is falling sharply and it's time to lower the stocks. In fact, it seems to me that next year will be closer to 20 or 30%. The rate of this month has already hit 60% and it will also fall suddenly, "he said.

As with other businesses, he predicted "after the summer, when the harvest reached a fine, and cow cow cow, the improvement in regional economies and salary increases, we will have better 2019. "

"Next year's GMC will grow, from the end to December, December, between 1 and 2%, that President Mauricio Macri will have good opportunities for his re-election, "he said.

On the other hand, before the consultation with Clarin, has rejected the "operations to the press" to be replaced by the entity's control, before those versions Former Minister of Production Francisco Cabrera would replace him.

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