September 2, 2019 / 8:33 PM / 20 days ago

Argentina central bank to keep tight monetary policy despite currency policy changes

FILE PHOTO: Governor of Argentina's Central Bank Guido Sandleris attends a news conference at the Central Bank in Buenos Aires, Argentina August 20, 2019. REUTERS/Agustin Marcarian

BUENOS AIRES (Reuters) - Argentina’s central bank will maintain a tight monetary policy despite changes to recently implemented currency restrictions, central bank President Guido Sandleris said on Monday.

On Sunday, Argentina imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default.

Speaking at a press conference, Sandleris said Argentina’s financial system was “solid.”

Reporting by Nicolas Misculin; Writing by Cassandra Garrison; Editing by Richard Chang

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