Guido Sandleris, in favor of the choice of Massa as a candidate: “he stabilized the market and reduced the risks of sudden devaluation”

The Córdoba Stock Exchange held its traditional lunch for the business sector in which one of the main speakers was the economist guido sandleris, former president of the Central Bank during the management of Mauricio Macri. Sandleris analyzed the current situation and left very important data regarding the impact of the election of sergio masa as a candidate for union for the homelandalthough he named it very little.

“For the financial markets, the novelty of the closing of the lists for the national elections was that none of the main candidates for the presidency had hard kirchnerism and that presented an important reaction in the financial market. This Monday, Argentine bonds, both peso and dollar bonds that mature in 2030, they rose almost 6% in one dayIt’s a very big rise. We also saw it in the exchange rate, the parallel dollar appreciated almost 2% yesterday, the cash with liquid, the half percent dollar, and we see some stability in recent weeks.

Sandleris also points out that a demand for Argentine assets is beginning to appear. “This greater demand is for dollars that enter via the legal market, which should act as a stabilizer for exchange risks.”

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The economist also thought that with this panorama “the risk of a sharp devaluation. we should see a more stable gap in the coming months” and “the risk of an inflationary explosion has been reduced”. Although he considers that inflation is going to be high because there is no government measure that attacks the sources that are constant fiscal deficit financing by issuance.

For Sandleris, “inflation is the main source of concern for Argentines at this time in terms of the economy, it will continue to be high as we have been seeing, there is no government measure that really helps to combat it.”

“The other big issue is economic activity, the drought, it pushed a sharp drop in activity this year, an economy that was already stagnant with a recession,” carried out