POLITICS – ANALYSIS Attitudinal shifts and the risks of upheaval 06-04-2024 06:24 Milei’s “negative rhetoric,” sustained by his synthetic power, is useful in setting the agenda, but it doesn’t put food on the table. by Agustino Fontevecchia
POLITICS – ANALYSIS The calm before the storm? 30-03-2024 06:07 The depth and severity of the recession that the plan put together by Economy Minister Luis ‘Toto’ Caputo will bring is beginning to reveal its impact. by Agustino Fontevecchia
Bloomberg Buyer of Clorox’s Argentine assets bets on consumer spending rebound 27-03-2024 20:19 Executives at Apex Capital, the buyer of Clorox Co assets in Argentina, expects consumption to recover in coming months.
ECONOMIC WOES Suffering middle class continues to shrink under Milei 20-03-2024 13:44 Argentina's middle class is vanishing: amid fierce austerity, more and more people cannot afford schooling or medicine, even those holding down two jobs.
ECONOMIC CRISIS IMF says Milei's austerity measures should not hurt the poor 25-02-2024 13:42 IMF deputy managing director Gita Gopinath says in an interview that Argentina's austerity measures must be calibrated to ensure "the burden does not fall entirely on the poorest groups."
POLITICS & ECONOMY Chainsaw Plan Round 2: Government looks to deepen austerity 14-01-2024 10:19 Economy Minister Luis Caputo assures that there has been no fiscal shock so far in Argentina and that there is still room for further tightening. If President Javier Milei’s ‘Omnibus law’ does not pass through Congress, cutbacks will continue for state personnel, with cuts in overtime, the freezing of salaries, and the non-renewal of expiring contracts. by Juan Pablo Kavanagh
ANTI-AUSTERITY PROTEST Anti-austerity protesters rally in first test of new anti-picket protocol 20-12-2023 20:10 Left-wing groups stage demonstration in Buenos Aires on anniversary of 2001 protests; Bullrich claims success as first public protest against Milei administration passes off peacefully.
POLITICS Milei says ‘ending inflation’ is ‘top priority’ in social media post 15-12-2023 18:32 Argentina's president makes first comments since inaugural speech in Instagram video; Presidential spokesperson says libertarian leader has ordered the sale of two YPF planes, an Embraer Praetor licence LV-KGJ and a LearJet, in bid to cut costs.
BLOOMBERG – ANALYSIS ‘There is no money’: Argentina begins economic shock remedy 13-12-2023 11:41 Measures include 54% peso devaluation, additional 2% a month; Plan seen as step in the right direction, perhaps insufficient by traders.
MARKETS Argentina bonds rise to two-year high after Milei debuts shock plan 13-12-2023 11:30 Bonds climb to the highest in two years after President Milei’s government unveils first batch of shock-therapy economic measures.
EMERGENCY MEASURES The 10 ‘emergency economic measures’ announced by Caputo 12-12-2023 21:42 Economy Minister Luis Caputo announced the devaluation of the peso by over 50 percent to the dollar, as Javier Milei's new government seeks to tackle the country's deep economic woes.
NEW GOVERNMENT Government to roll out first crisis measures in evening broadcast 12-12-2023 09:53 Economy Minister Luis Caputo will deliver a recorded speech at 5pm Tuesday, in which he will outline emergency measures from President Javier Milei’s new government.
NEIGHBOURLY INTERVENTION Lula says IMF is choking Argentina’s economy with debt 13-04-2023 12:52 Brazil’s president claims International Monetary Fund is choking Argentina’s economy as it struggles to comply with its US$44-billion programme.
WHAT LIES AHEAD IN 2023 Economy 2023: inflation and austerity in an election year 11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.
INTEREST RATES Central Bank poised to hold the key rate at 75% into next year 30-11-2022 08:34 Central Bank tracking suggests monthly inflation could slow to about 5.5% in November, down from 6.3% in October.
economy Central Bank hikes interest rates to 75% as inflation nears 100% 15-09-2022 23:17 Central Bank boosts benchmark Leliq rate by 5.5 percentage points to 75% in a bid to prop up its currency and curb inflation.
INTEREST RATES Central Bank set to hike rates again on price spike 01-09-2022 01:54 Central Bank set to increase benchmark Leliq rate again next month as annual inflation rises above 70%.
CENTRAL BANK Argentina raises key interest rate to 69.5% in biggest hike since 2019 11-08-2022 16:40 Argentina’s Central Bank raises benchmark Leliq rate in largest hike in almost three years, signalling a more aggressive stance against surging inflation.
MONETARY POLICY Argentina raises benchmark rate to 52% as inflation stays hot 16-06-2022 16:54 Central Bank raises benchmark interest rate for the sixth time this year as the government struggles to cool inflation expectations.