Argentina’s government formally requested talks with the IMF over a new financing deal this week, but the conditions likely to be demanded by the Fund could prove to be a major sticking point. Moreover, similar to the government’s deal with bondholders (which is expected to be finalised today), a new IMF arrangement wouldn’t address the Argentine government’s uncomfortably large FX debt burden. Otherwise, the minutes to the Mexican central bank’s last meeting suggest that the pace of monetary easing will slow from here.
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