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▶️ PRESIDENT MILEI CLEARLY EXPLAINS THE REMONETIZATION PROCESS, THE STRICT MONITORING OF THE SUPPLY AND DEMAND FOR MONEY
@JMilei: "You have a very under-monetized economy. So, if your demand for money increases and you still have a fixed amount of money, not only will inflation collapse. Two things can happen: if prices drop, it will lead to deflation and since you don't have the contractual structure, it can create some problems in the functioning of the system. The other problem you might have is that it could stifle economic growth. Therefore, as we monitor the demand for money, we look at inflation, expected inflation, economic growth, and financial assets, the Central Bank can start considering monetizing the economy by buying dollars. THESE ARE QUANTITATIVE TARGETS IF WE SEE THAT THE DEMAND FOR MONEY IS IN LINE."
Cc: @Kicker0024, @vladiwerning, @FedericoFuriase
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