Economics

Argentina Prices May Drop Fast, Says Man Who Couldn't Tame Them

  • Ex-BCRA head says monthly inflation could reach 1% by year end
  • Sturzenegger sees the economy stabilizing by election time
Federico Sturzenegger speaks at Bloomberg headquarters in New York.Photographer: Christopher Goodney/Bloomberg
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Things didn’t work out as expected for Federico Sturzenegger when he became Argentina’s central bank chief.

One of the country’s most renowned economists, Sturzenegger took over the position in late 2015 with big ideas and bigger challenges: bring inflation back down to a single digit after years of price controls, non-stop money printing and fake statistics.