Posted on 02/05/2010 1:12:36 AM PST by Cheap_Hessian
Argentina’s new central bank head on Thursday promised to maintain current monetary policy as she sought to calm market fears that her appointment would damage the bank’s independence.
Mercedes Marcó del Pont has close links to the government and was appointed this week by Cristina Fernández, Argentina’s president, after a bitter political battle to remove the former chief for failing to hand over reserves to pay off debt.
“I want to transmit calm,” Ms Marcó del Pont said. “We’re planning policies that maintain current monetary and exchange rate policies, and that of the administered exchange rate.”
(Excerpt) Read more at ft.com ...
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