Santiago Petri's questions to GRUPO FINANCIERO GALICIA (GGAL) leadership • Q2 2025
Question
Santiago Petri challenged the assumption that interest rate volatility would diminish after the elections, noting that the volatility predated recent political events, and asked for clarification on this outlook.
Answer
CFO Gonzalo Fernández Covaro acknowledged the uncertainty but explained the bank's view is that the current high real interest rates are unsustainable and that a market-friendly election outcome could help stabilize the situation. IR Officer Pablo Firvida added that the government and Central Bank may be more willing to adjust regulations after the election, as their current priority is maintaining stability until then.