Argentina Subsidy Cuts to Aid Inflation Flight: Credit Suisse

Argentina’s decision to eliminate some utility subsidies is “very positive news” and should help contain spending growth and fight inflation, Credit Suisse Group AG analyst Carola Sandy said in an e-mailed report.

“This is a relatively small amount -- just 0.1 percent of GDP -- but we think it is an important signal from the government,” Sandy wrote.

To contact the reporter on this story: Bill Faries in Buenos Aires at wfaries@bloomberg.net

To contact the editor responsible for this story: Robert Jameson at rjameson@bloomberg.net

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