It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Friday, August 31, 2012

The World's Worst Central Bankers - CNBC

Argentina’s central bank president Mercedes Marco del Pont... at the top of the list as the world’s worst central bankers.
Retaining the “D” grade she received in 2011, Marco del Pont has been governor of the central bank since 2010 and is considered a close ally of the country's President Cristina Fernandez. One of the biggest challenges facing the central bank is skyrocketing prices; Argentina's inflation rate is estimated at 25 percent a year, the highest in Latin America. The Fernandez government has gone as far as fining and even suing economists who publicize their inflation estimates, which it says tend double or triple the official figure. Investors aren't expecting inflation to fall this year because of high state spending, loose monetary policy, wage hikes and the impact of currency and import controls . The central bank has continued to print money, part of which ends up financing the government as its fiscal deficit widens.


The World's Worst Central Bankers - CNBC

No comments:

Post a Comment