Alberto Bernal
Alberto Bernal
capital central hinder independence local markets paper perception recovery seeing stagnation
The deterioration in the perception of the central bank's independence will hinder local markets from seeing the issuance of non-indexed paper in the foreseeable future, implying the stagnation in the recovery of the local capital markets.
adapting adjustment days europe fed few last market monetary policy terms
The market has been adapting in the last few days to the monetary policy adjustment in Europe and to market expectations in terms of when and where is the Fed is going to end its tightening cycle.
cabinet concerns few interests members mr seemed understanding
Mr Lavagna was one of the few members of the Cabinet that seemed to have some understanding of the concerns and interests of investors.
adjustment continued market strength today treasury weak
The market is weak today because of continued adjustment of the 10-year U.S. treasury and the strength of the euro.
clearing group road
Kirchner and his group want to do their own thing and they're clearing the road for that.
absorb activity currently despite domestic economic economy high implies impressive increased investment levels move rebound seeing taken
Now that the first preemptive move has taken place, we think that seeing another one is a latent possibility. Despite high economic growth, the impressive rebound on domestic investment implies that the economy is currently more able to absorb increased activity levels without inflation.
adjustment among basis decision doubt economic gradual impact material pace points rates
We doubt that the decision will have any material impact on the pace of economic growth, among other things because the adjustment in rates is gradual and because it only reverses 25 basis points of the mid-2005 50 basis point rate-cut.