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Economic stagnation is not preferable to inflation. It'll take a while to see how CoL responds to this but my fear is that these changes will drive down effective purchasing power.
In a normal economy, balancing growth versus inflation is certainly an important issue. But when an economy is undergoing hyperinflation, getting that under control has to be priority number one.
Keynes, for example, wrote eloquently about this a century ago. Some of his passages apply quite eerily to the case of Argentina:
Um it kinda is.
The central bank will absolutely put the country into a recession to stop inflation. That's usually why central banks aren't controlled by the government in power, because the government in power can impact things to improve their situation at the expense of the country.
Too much inflation is bad. Inflation that Argentina has, that's a whole other level, that's a potential country killer.