BUENOS AIRES - Argentina’s incoming central bank head, Miguel Angel Pesce, will need all his guile to navigate the country’s myriad economic challenges: interest rates above 60%, drained foreign reserves, tough fiscal targets and roaring inflation.
Pesce, 57, a former central bank vice president who led the bank temporarily in 2010 under then President Cristina Fernandez de Kirchner, has backed lowering interest rates and striking a “social pact” to help cool fast-rising prices. His brief spell leading the central bank came after the bank’s president Martín Redrado resigned after refusing to implement an order from Peronist Fernandez de Kirchner to use foreign reserves to pay off mounting debt.
liberal = private financials rats
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