Playbook
Reduce cash holdings in the local currency, lock in long-term expenses, consider defensive assets.
Recommendations
Diversify the currency of your savings
Keep a reserve in hard currency.
Avoid long-term deposits
The real rate is negative — money is melting away.
Markers
The macro conditions that define this scenario. A country's score is the weighted share of markers currently met.
| Indicator | Condition | Periods | Weight |
|---|---|---|---|
| Inflation, CPI (annual) | gt 15.0000 % | 2 | 2.00 |
| Real interest rate | lt 0.0000 % | 1 | 1.00 |