Replies (1)

waxwing's avatar
waxwing 3 months ago
Well, the article itself says immediately after quoting a 165% increase in M0, that "the BCRA no longer finances the Treasury by printing new pesos since 2023". So what is the cause of that increase? It wasn't clear to me that the article had an answer? It starts, form that point, to talk about credit in general. I suspect the right answer is rather complex.