Argentina's Milei names Bausili incoming central bank chief

The selection of Bausili, a former finance secretary and close ally of incoming Economy Minister Luis Caputo, will create a strong front of mainstream conservative economists alongside Caputo, that could help moderate President-elect Milei's more radical libertarian propositions. Milei pledged during the campaign and recently reiterated that he would eventually shut the central bank and dollarize the economy, a move he says would help tame the triple-digit inflation that has the country's poverty rates soar.

Argentina's President-Elect Javier Milei on Wednesday named economist Santiago Bausili as incoming chief of the country's central bank, confirming a Reuters report late on Tuesday.

Milei also named Daniel Tillard and Dario Wasserman as incoming president and vice-president of Argentina's largest bank, the BNA, respectively, his office said in the statement, while Belen Stettler would become his communication secretary. The selection of Bausili, a former finance secretary and close ally of incoming Economy Minister Luis Caputo, will create a strong front of mainstream conservative economists alongside Caputo, that could help moderate President-elect Milei's more radical libertarian propositions.

Milei pledged during the campaign and recently reiterated that he would eventually shut the central bank and dollarize the economy, a move he says would help tame the triple-digit inflation that has the country's poverty rates soar. However, since winning last month's run-off vote Milei has shifted towards a more pragmatic stance, focusing more on reducing the fiscal deficit and putting dollarization on the back burner, as well as softening his tone to leaders he had previously criticized.

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