The INDEC statistic bureau’s “most widely representative index” will be used for comparison, the Central Bank confirmed yesterday. “The first step is to announce the inflation target. Then the Central Bank has a series of instruments that it will use to reach that target. No more and no less than that central inflation target. The reference rate will now be the seven-day interbank lending rate, which the Central Bank will determine weekly.

Source: Bueno Aires Herald September 27, 2016 03:00 UTC