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BCRA Keep Rates Unchanged, Economy Makes Q3 Rebound

ARGENTINA
  • ARGENTINA CENBANK KEEPS RATE UNCHANGED AT 38% AFTER MEETING (BBG)
  • Argentina 3Q Economy Expands 11.9% Y/y; Est. +12%
  • Argentina 3Q Economy Expands +4.1% Q/q Versus -1.4% Prior
  • The Argentine economy rebounded in the third quarter, supported by fewer mobility restrictions as the pandemic subsided. But growth continues to reflect an unbalanced policy mix, and will be hard to sustain once the boost from reopening wanes.

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