Argentina's Economy Minister assures inflation will fall, criticizes media coverage

Argentine Economy Minister Luis Caputo has reassured the public that inflation will continue its downward trend in the coming months, projecting a convergence toward international levels. Speaking after presenting the Treasury's financial program through 2027, Caputo stated that the country is increasingly resembling one where political disputes are resolved within the political or judicial spheres, with less impact on the economy.

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If you look at the Adorni case, it combined with a brutal external shock that was the war in the Middle East. There we touched the minimum in country risk on a fiscal level, inflation going down. So, when I look at the data, I say, it doesn't seem to be affecting.

Caputo suggested that recent political controversies, such as the case involving presidential spokesperson Manuel Adorni, have been used by the media as an "excuse to cover up good economic news." He noted that despite external shocks like the war in the Middle East, the country reached its fiscal risk minimum and saw inflation decrease. "We don't have a good relationship with the press; we've suffered this from day one. If it wasn't Adorni, they surely would have found something else," he commented.

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Each time we resemble a country where political problems are resolved in politics or justice, but without so much impact on the economy. What it did do, however, was cover up the good economic news. We don't have a good relationship with the press: from day one we have suffered this. If it wasn't Adorni, they surely would have found something else.

The minister reaffirmed the government's economic direction, emphasizing that the disinflationary path resumed in April. He asserted that continued fiscal and monetary orthodoxy will lead inflation to converge with international rates, urging citizens to remain calm. "People can rest assured that inflation will continue to decline," Caputo stated.

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The disinflationary path recovered from April onwards. As we continue with this fiscal or monetary orthodoxy, inflation will converge to international inflation. People can rest assured that inflation will continue to fall.

Addressing concerns about a potential financial run in 2027, Caputo expressed personal optimism but highlighted the team's preparedness for adverse scenarios. He also clarified that current debt levels are unrelated to utility pricing policies, attributing the need for borrowing at high rates to a significant drop in money demand following "the political shock of 2025." Caputo concluded by stressing the normalization of the foreign exchange market, the economy's growth, the absence of protests, and reduced regulations, framing a return to past policies as an "underestimation of the citizenry."

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Today there is no currency control. Anyone who wants to buy dollars can do so without the hassles of the past. Today the economy is growing, there are no protests, and there are fewer regulations. To believe that the majority of people will vote to return to the past is an underestimation of the citizenry.