in a conversation with Channel E, Eugenia MuzioThe economics journalist for the newspaper Perfil explained to American investors the definition of Luis Caputo and the market’s expectations regarding the direction of the economic plan.
Caputo’s signals to the market
As Mr. Muzio detailed, information emerging from the Bloomberg news agency revealed that Economy Minister Luis Caputo, during a visit to the United States, asserted:Exchange band expands towards 1.5%This move could ultimately signal a shift towards exchange rate liberalization.
“Currently, that range has increased to 1%, but the transition model would go up to 1.5% to start amplifying faster.” he explained Muzioemphasized that this is the minister’s response to investors’ doubts about the economic plan.
The journalist also specified that the government had approved its intention to buy back bonds and build up reserves, but clarified that:So far, the Ministry of Economy has not officially disclosed anything.”.
Muzio He also announced that Caputo will give an important television interview in which he could provide further details on exchange rate policy, although the ministry prefers to remain silent until then.
Economic challenges and labor reform
Regarding relationships with industry, Muzio he pointed out.UIA maintains a joint agenda with the government on structural reforms”, especially in labor issues.
“Despite declines in activity and employment, more cooperative attitudes post-election” he said, hinting at harmony between public administration and industrial entrepreneurs.
The reporter emphasized that Caputo will be the star of two central events this week. First on Wednesday at the FIEL Foundation, where he will be on stage with economists such as Domingo Cavallo, and then on Thursday at the Industrial Conference, where he will represent the government.
“It will be very interesting to hear how Mr. Caputo will address the FIEL Foundation and the next day in front of businessmen in the context of economic slowdown.” I predicted.
The expert stressed that labor reforms will be the first major project the government aims to approve in the new parliament, along with the budget, by December 31.
“There is common ground between government and industry within the Mayo Council framework where labor reforms are planned“, completion.
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