Exchange band ceiling rises to about $2,032.88 for December after October inflation data
The upper limit of the exchange band will stand at around $2,032.88 for December, calculated with October's CPI, which came in four tenths above the Central Bank's REM forecast. The path sets $1,989.12 for November, a level already published by the Central Bank. Since January the ceiling adjusts variably based on CPI with a two-month lag, replacing the fixed 1% monthly pace in force until December 31, 2025. The REM projects a wholesale dollar of $1,590 for December.
In 40 seconds
- The exchange band ceiling for December stands at about $2,032.88, some $8 above what the REM forecast would have implied.
- For November the path marks $1,989.12, a level already published by the Central Bank.
- Since January the adjustment is variable and tied to CPI with a two-month lag, instead of the previous fixed 1% monthly pace.
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IASummary generated by artificial intelligence from a story by Ambito. It may contain errors: the original source prevails.
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