Part 2/10:
One of Malay’s most noteworthy decisions has been to retain Argentina’s Central Bank, avoiding earlier promises to abolish or overhaul it. Instead, the government appointed Santiago Bili—a former Deutsche Bank and JP Morgan banker—to lead the institution. This move signals a cautious yet strategic approach, emphasizing continuity in monetary policy while signaling potential reforms from within. The decision not to immediately disband the Central Bank underscores a desire for stability amid turbulent times, even as the government seeks to implement radical measures.