{"id":42908,"date":"2025-05-26T10:38:51","date_gmt":"2025-05-26T13:38:51","guid":{"rendered":"https:\/\/www.bancocmf.com.ar\/cmf-pre-market-26-05-25\/"},"modified":"2025-05-26T10:58:58","modified_gmt":"2025-05-26T13:58:58","slug":"cmf-pre-market-26-05-25","status":"publish","type":"post","link":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/","title":{"rendered":"CMF PRE-MARKET 26-05-25"},"content":{"rendered":"\n<p><strong><em>Inflaci\u00f3n a la baja en mayo<\/em><\/strong><\/p>\n\n\n\n<p><em>Seg\u00fan diversas consultoras privadas, la inflaci\u00f3n del mes de mayo finalizar\u00eda en zona de 2% mensual. En caso de que los precios tengan esta variaci\u00f3n promedio, se anotar\u00eda el menor registro inflacionario de la era Milei, justo en el mes siguiente a la salida del cepo. Algunos datos de alta frecuencia midieron deflaci\u00f3n en alimentos y bebidas en las primeras tres semanas de mayo, empujando el promedio a la baja. En este escenario, la curva de LECAPs no pareciera incorporar del todo la aceleraci\u00f3n desinflacionaria, con la parte corta rindiendo medio punto porcentual por encima del 2%, y la parte larga en zona de 2,3%. La curva CER, por su parte, se mantiene hace semanas en 9,5% de tasa real de 2026 en adelante, lo que sugiere que tampoco parece ha incorporado cambios en la velocidad de desinflaci\u00f3n. Seguimos siendo optimistas con el programa y creemos que la inflaci\u00f3n tarde o temprano ceder\u00e1 hacia niveles de un d\u00edgito en los pr\u00f3ximos a\u00f1os.<strong> Aun as\u00ed, la tasa real de la parte media de la curva CER en 9-9,5% nos parece un buen punto de entrada para asegurar un rendimiento real atractivo y reducir el riesgo inflacionario producto de un escenario internacional m\u00e1s vol\u00e1til con tipo de cambio flotante.<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Mercado de cambios:<\/strong> el d\u00f3lar oficial (A3500) abre la rueda en zona de $1.140.<\/li>\n\n\n\n<li><strong>Licitaci\u00f3n del MECON: <\/strong>hoy se dar\u00e1n a conocer las condiciones de la licitaci\u00f3n del pr\u00f3ximo mi\u00e9rcoles. El Tesoro enfrentar\u00e1 vencimientos por $8,6 billones y, en la \u00faltima licitaci\u00f3n, adjudic\u00f3 LECAPs a tasas del mercado secundario.<\/li>\n\n\n\n<li><strong>Inflaci\u00f3n:<\/strong> seg\u00fan medios de comunicaci\u00f3n, seis consultoras que miden precios estiman que la inflaci\u00f3n de mayo estar\u00e1 en el rango 2,0-2,2%, por debajo del 2,8% de abril.<\/li>\n\n\n\n<li><strong>Saldo en el MULC: <\/strong>el Banco Central anunci\u00f3 el viernes nuevamente que no intervino en el mercado de divisas.<\/li>\n\n\n\n<li><strong>Contexto internacional: <\/strong>Trump volvi\u00f3 a retroceder sobre sus pasos e impuso una pausa hasta el 9 de julio en los aranceles del 50% a la Uni\u00f3n Europea. El presidente norteamericano indic\u00f3 que la presidente de la Uni\u00f3n Europea, \u00darsula von der Leyen, se comunic\u00f3 con \u00e9l y le asegur\u00f3 que el bloque est\u00e1 dispuesto a negociar para evitar la imposici\u00f3n de dichas tarifas y lograr un acuerdo que beneficie a ambas partes. Los \u00edndices accionarios europeos respondieron a alza con subas superiores al 1,5% en Alemania (DAX). El d\u00f3lar (DXY) contin\u00faa retrocediendo y ya se encuentra nuevamente en zona de 99 puntos.<\/li>\n<\/ul>\n\n\n\n<p><strong>Este informe ha sido elaborado a t\u00edtulo informativo. El presente NO debe ser tomado como una recomendaci\u00f3n o instrucci\u00f3n, y no reviste car\u00e1cter de ofertas de productos y\/o servicios ni solicitud de orden&nbsp;de compra y\/o venta. Banco CMF S.A. no ser\u00e1 responsable por ning\u00fan error y\/u omisi\u00f3n del contenido.<\/strong><\/p>\n\n\n\n<p><strong><em>Copyright \u00a9 2017 Banco CMF S.A. All rights reserved.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflaci\u00f3n a la baja en mayo Seg\u00fan diversas consultoras privadas, la inflaci\u00f3n del mes de mayo finalizar\u00eda en zona de 2% mensual. En caso de que los precios tengan esta variaci\u00f3n promedio, se anotar\u00eda el menor registro inflacionario de la era Milei, justo en el mes siguiente a la salida del cepo. Algunos datos de alta frecuencia midieron deflaci\u00f3n en alimentos y bebidas en las primeras tres semanas de mayo, empujando el promedio a la baja. En este escenario, la curva de LECAPs no pareciera incorporar del todo la aceleraci\u00f3n desinflacionaria, con la parte corta rindiendo medio punto porcentual por [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_joinchat":[],"footnotes":""},"categories":[56],"tags":[],"class_list":["post-42908","post","type-post","status-publish","format-standard","hentry","category-pre-market-daily-close-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CMF PRE-MARKET 26-05-25<\/title>\n<meta name=\"description\" content=\"CMF PRE-MARKET 26-05-25\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CMF PRE-MARKET 26-05-25\" \/>\n<meta property=\"og:description\" content=\"CMF PRE-MARKET 26-05-25\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/\" \/>\n<meta property=\"og:site_name\" content=\"Banco CMF\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BancoCMF\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-26T13:38:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-26T13:58:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bancocmf.com.ar\/wp-content\/uploads\/Cmf-Logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"254\" \/>\n\t<meta property=\"og:image:height\" content=\"106\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Franco Adrian Berra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BancoCMF\" \/>\n<meta name=\"twitter:site\" content=\"@BancoCMF\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Franco Adrian Berra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/\"},\"author\":{\"name\":\"Franco Adrian Berra\",\"@id\":\"https:\/\/www.bancocmf.com.ar\/#\/schema\/person\/efebf4507badcb7acbb9052bad2d8ad2\"},\"headline\":\"CMF PRE-MARKET 26-05-25\",\"datePublished\":\"2025-05-26T13:38:51+00:00\",\"dateModified\":\"2025-05-26T13:58:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/\"},\"wordCount\":502,\"publisher\":{\"@id\":\"https:\/\/www.bancocmf.com.ar\/#organization\"},\"articleSection\":[\"Pre Market &amp; Daily Close\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/\",\"url\":\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/\",\"name\":\"CMF PRE-MARKET 26-05-25\",\"isPartOf\":{\"@id\":\"https:\/\/www.bancocmf.com.ar\/#website\"},\"datePublished\":\"2025-05-26T13:38:51+00:00\",\"dateModified\":\"2025-05-26T13:58:58+00:00\",\"description\":\"CMF PRE-MARKET 26-05-25\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bancocmf.com.ar\/#website\",\"url\":\"https:\/\/www.bancocmf.com.ar\/\",\"name\":\"Banco CMF\",\"description\":\"Valor es conocerte\",\"publisher\":{\"@id\":\"https:\/\/www.bancocmf.com.ar\/#organization\"},\"alternateName\":\"CMF\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bancocmf.com.ar\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.bancocmf.com.ar\/#organization\",\"name\":\"Banco CMF\",\"alternateName\":\"CMF\",\"url\":\"https:\/\/www.bancocmf.com.ar\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.bancocmf.com.ar\/#\/schema\/logo\/image\/\",\"url\":\"\/wp-content\/uploads\/2023\/12\/cmf-banco-corporativo.png\",\"contentUrl\":\"\/wp-content\/uploads\/2023\/12\/cmf-banco-corporativo.png\",\"width\":254,\"height\":106,\"caption\":\"Banco CMF\"},\"image\":{\"@id\":\"https:\/\/www.bancocmf.com.ar\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/BancoCMF\",\"https:\/\/x.com\/BancoCMF\",\"https:\/\/www.linkedin.com\/company\/bancocmf\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.bancocmf.com.ar\/#\/schema\/person\/efebf4507badcb7acbb9052bad2d8ad2\",\"name\":\"Franco Adrian Berra\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/2e32d350e972c7bf02640d41e09497adfa7f15b6315c0b857fd4b9011e40291b?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2e32d350e972c7bf02640d41e09497adfa7f15b6315c0b857fd4b9011e40291b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2e32d350e972c7bf02640d41e09497adfa7f15b6315c0b857fd4b9011e40291b?s=96&d=mm&r=g\",\"caption\":\"Franco Adrian Berra\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CMF PRE-MARKET 26-05-25","description":"CMF PRE-MARKET 26-05-25","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/","og_locale":"en_US","og_type":"article","og_title":"CMF PRE-MARKET 26-05-25","og_description":"CMF PRE-MARKET 26-05-25","og_url":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/","og_site_name":"Banco CMF","article_publisher":"https:\/\/www.facebook.com\/BancoCMF","article_published_time":"2025-05-26T13:38:51+00:00","article_modified_time":"2025-05-26T13:58:58+00:00","og_image":[{"width":254,"height":106,"url":"https:\/\/www.bancocmf.com.ar\/wp-content\/uploads\/Cmf-Logo.png","type":"image\/png"}],"author":"Franco Adrian Berra","twitter_card":"summary_large_image","twitter_creator":"@BancoCMF","twitter_site":"@BancoCMF","twitter_misc":{"Written by":"Franco Adrian Berra","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/#article","isPartOf":{"@id":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/"},"author":{"name":"Franco Adrian Berra","@id":"https:\/\/www.bancocmf.com.ar\/#\/schema\/person\/efebf4507badcb7acbb9052bad2d8ad2"},"headline":"CMF PRE-MARKET 26-05-25","datePublished":"2025-05-26T13:38:51+00:00","dateModified":"2025-05-26T13:58:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/"},"wordCount":502,"publisher":{"@id":"https:\/\/www.bancocmf.com.ar\/#organization"},"articleSection":["Pre Market &amp; Daily Close"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/","url":"https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/","name":"CMF PRE-MARKET 26-05-25","isPartOf":{"@id":"https:\/\/www.bancocmf.com.ar\/#website"},"datePublished":"2025-05-26T13:38:51+00:00","dateModified":"2025-05-26T13:58:58+00:00","description":"CMF PRE-MARKET 26-05-25","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bancocmf.com.ar\/en\/cmf-pre-market-26-05-25\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.bancocmf.com.ar\/#website","url":"https:\/\/www.bancocmf.com.ar\/","name":"Banco CMF","description":"Valor es conocerte","publisher":{"@id":"https:\/\/www.bancocmf.com.ar\/#organization"},"alternateName":"CMF","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bancocmf.com.ar\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bancocmf.com.ar\/#organization","name":"Banco CMF","alternateName":"CMF","url":"https:\/\/www.bancocmf.com.ar\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bancocmf.com.ar\/#\/schema\/logo\/image\/","url":"\/wp-content\/uploads\/2023\/12\/cmf-banco-corporativo.png","contentUrl":"\/wp-content\/uploads\/2023\/12\/cmf-banco-corporativo.png","width":254,"height":106,"caption":"Banco CMF"},"image":{"@id":"https:\/\/www.bancocmf.com.ar\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/BancoCMF","https:\/\/x.com\/BancoCMF","https:\/\/www.linkedin.com\/company\/bancocmf\/"]},{"@type":"Person","@id":"https:\/\/www.bancocmf.com.ar\/#\/schema\/person\/efebf4507badcb7acbb9052bad2d8ad2","name":"Franco Adrian Berra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2e32d350e972c7bf02640d41e09497adfa7f15b6315c0b857fd4b9011e40291b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2e32d350e972c7bf02640d41e09497adfa7f15b6315c0b857fd4b9011e40291b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2e32d350e972c7bf02640d41e09497adfa7f15b6315c0b857fd4b9011e40291b?s=96&d=mm&r=g","caption":"Franco Adrian Berra"}}]}},"author_meta":{"display_name":"Franco Adrian Berra","author_link":"https:\/\/www.bancocmf.com.ar\/en\/author\/fberra\/"},"featured_img":null,"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"gs-tiny":false,"xl":false,"xxl":false,"xxxl":false,"xxxxl":false,"xxxxxl":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Franco Adrian Berra","author_link":"https:\/\/www.bancocmf.com.ar\/en\/author\/fberra\/"},"uagb_comment_info":0,"uagb_excerpt":"Inflaci\u00f3n a la baja en mayo Seg\u00fan diversas consultoras privadas, la inflaci\u00f3n del mes de mayo finalizar\u00eda en zona de 2% mensual. En caso de que los precios tengan esta variaci\u00f3n promedio, se anotar\u00eda el menor registro inflacionario de la era Milei, justo en el mes siguiente a la salida del cepo. Algunos datos de&hellip;","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.bancocmf.com.ar\/en\/category\/pre-market-daily-close-en\/\" class=\"advgb-post-tax-term\">Pre Market &amp; Daily Close<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Pre Market &amp; Daily Close<\/span>"]}},"comment_count":0,"relative_dates":{"created":"Posted 11 months ago","modified":"Updated 11 months ago"},"absolute_dates":{"created":"Posted on May 26, 2025","modified":"Updated on May 26, 2025"},"absolute_dates_time":{"created":"Posted on May 26, 2025 10:38 am","modified":"Updated on May 26, 2025 10:58 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/posts\/42908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/comments?post=42908"}],"version-history":[{"count":2,"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/posts\/42908\/revisions"}],"predecessor-version":[{"id":42911,"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/posts\/42908\/revisions\/42911"}],"wp:attachment":[{"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/media?parent=42908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/categories?post=42908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bancocmf.com.ar\/en\/wp-json\/wp\/v2\/tags?post=42908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}