Ratings agency Moodys sees inflation in Argentina at 30 by the end of this year, but may revise that figure downward, a senior analyst at the firm said during an event on Tuesday.
Inflation has been showing progress under the government of libertarian President Javier Milei, which has been focused on taming runaway prices, but the rate has stagnated in the past several months.
Now, with the lifting of foreign-exchange restrictions and the fact that fuel prices have fallen, we may revise the projection downward, depending on the inflation rates for April and May, Jaime Reusche, vice president and senior credit officer in the sovereign risk group at Moodys, said.
Reusche described the governments actions as prudent and praised the lifting of the countrys currency restrictions announced back in April.
The Moodys year-end estimate would mark a further drop from the latest data, which stood at 55.9 in the 12 months through March, slowing from a rate of 66.9 recorded in the previous month but above analysts expectations.
