The Central Bank of Argentina asks for more rigor in inflation forecasts

Clarín (Argentina)

More rigor in the CPI forecasts

The president of the Central Bank of the Argentine Republic, Miguel Pesce, warned that those who are consulted to prepare the Market Expectations Survey (REM), in which inflation projections are reflected, must “improve the quality of their forecasts because in 2018 and 2019 were wrong. ” The head of the monetary authority referred to the calculations made by the more than 20 local consulting and research centers, financial institutions in Argentina and foreign analysts participating in the REM. And again, he avoided anticipating what the evolution of inflation could be in 2020. “I will not make inflation forecasts, but it will be lower than in 2019,” he reiterated and explained that “the forecasts have impaired the credibility of the Central Bank.”

Frank Allgemeine (Germany)

Food safety alerts grow

The number of food safety alerts reached a record last year. A total of 198 foods were criticized. There are twelve more warnings than in 2018. In 2015 there were only 100 warnings, according to the Federal Office of Consumer Protection and Food Safety (BVL). The most common cause of warnings is contamination by germs, bacteria or viruses; It occurred in more than 70 cases. Of these, more than 60 detected particles of plastic or metal.