RIO DE JANEIRO, BRAZIL - The World Bank on Wednesday (6) ruled out the risk of hyperinflation in Argentina, where the year-on-year rise in the cost of living exceeds 50%, and considered that an agreement with the IMF will further reduce the prospect.
"I don't see that risk," said World Bank chief economist for Latin America and the Caribbean William Maloney at a press conference, when asked about the threat of a rampant increase in consumer prices in Argentina.
"Inflation is indeed around 50% but the government still has some tools to prevent the crisis from deepening. In . . .
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