Macroeconomy/Finance

The Financial Conditions Index (ICF) deteriorated by 15.6 points in February

The Financial Conditions Index (ICF), prepared by the Argentine Institute of Finance Executives and the consulting firm Econviews, deteriorated by 15.6 points to -94.1 points. The sub-index of external conditions explained the deterioration of total rate, by falling 12.1 points per month and interrupting five consecutive monthly advances, standing at 22.8 points (comfort zone). The local conditions sub-index deteriorated slightly during the month, the increase in country risk and legislation, added to a more significant expected depreciation explained the worsening. Domestic conditions remained very stressed, at -116.9 points.

Source: Ámbito

Categories: Macroeconomy/Finance