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Martin Redrado: inflation fears laid to rest |
“This is an economy still in transition,” Redrado tells Euromoney in an interview in London. “Things are not normal yet and that will take time. There needs to be patience.”
One economic variable that is a cause for concern is inflation, with the rate in double digits. But Redrado says that according to a central bank poll of financial institutions, inflation expectations have come down from 13% at the beginning of the year to 11.5%.
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