BLOOMBERG - ANALYSIS Inflation slowed in April amid currency policy change 14-05-2025 16:52 Annual inflation slowed for a 12th month to 47.3%, reports INDEC; Price increases were led by food and non-alcoholic beverages.
ECONOMIC INDICATORS Post-cepo boost for Milei as monthly inflation slows to 2.8% 14-05-2025 16:45 INDEC’s first update of inflation index since removal of currency controls shows that consumer prices rose 2.8% in April, slightly slower than analysts' expectations.
CENTRAL BANK MANOUEVRES Argentina halts private bond sale amid pressure on peso rate 11-05-2025 09:02 Argentina’s Central Bank intervened to stop a dollar bond sale by Banco Supervielle halfway through the trading day on Friday.
NEW MEASURES Argentina eliminates export duties for thousands of manufactured goods 30-04-2025 21:34 President Javier Milei's government eliminates export duties for thousands of industrial products; Economy Minister Luis Caputo says tax levy was "affecting competitiveness" in announcement hailing the move.
CRIME & SECURITY Organised crime hampering growth in Latin America, warns World Bank 29-04-2025 11:58 Organised crime in Latin America and the Caribbean is holding back economic growth, World Bank report warns.
ANALYSIS: SHOCK THERAPY Milei defies forecasts so far as Argentina’s peso strengthens 23-04-2025 22:41 Analysts see a stronger peso over the next few months with traders buying into President Javier Milei's plan.
IMF BOOSTS RESERVES Central Bank reserves hit US$36 billion after first IMF tranche 15-04-2025 17:26 First disbursement of US$12 billion arrives from International Monetary Fund, boosting reserves; Official exchange rate rises to 1,223 pesos per dollar; Country risk falls to 725 points.
ECONOMY – ANALYSIS IMF bets billions on Milei’s chainsaw to avert past debacles 13-04-2025 08:50 Frontloading disbursements is a controversial move that increases the IMF’s exposure to its biggest debtor, just as Milei faces the same policy dilemmas that have doomed his predecessors.
FIN DE CEPO? Caputo announces new IMF deal, end to exchange controls 11-04-2025 18:45 President Javier Milei's government announces elimination of foreign exchange controls ahead of confirmation of new US$20-billion IMF programme.
ECONOMY – ANALYSIS Argentina lands US$20-billion IMF agreement and eases FX rules 11-04-2025 18:30 Central Bank says it will let peso trade within a range of 1,000 pesos to 1,4000 pesos per dollar in what’s called a dirty or managed float.
CURRENCY WARS Argentina's Central Bank sells up to US$400 million to defend peso 11-04-2025 17:32 Argentina's Central Bank sold as much as US$400 million to defend the peso on Friday – the most in a day since mid-March.
ECONOMY – ANALYSIS Argentina inflation picks up more than expected before IMF deal 11-04-2025 17:28 President Javier Milei said recently he only expects inflation to fall below two percent in May or June, blaming the sticky inflation on political volatility.
BLOOMBERG - ANALYSIS Milei needs rush of soy dollars to calm peso sell-off in Argentina 09-04-2025 17:42 Like his predecessors, President Javier Milei is depending on the soy harvest to manage one of the word’s most volatile currencies.
GEOPOLITICAL ROW Milei caught in Trump-China spat over US$18-billion FX swap line 08-04-2025 16:47 Javier Milei is caught between US President Donald Trump and China’s communist government.
BLOOMBERG - FEATURE Milei tries erasing Argentina’s history to lure foreign investment 08-04-2025 09:04 Argentina’s president is desperate to woo foreign investors. But he's had more success tearing down physical symbols of the old guard than untangling the web of red tape it left behind.
MULTILATERAL FUNDING World Bank promises ‘significant support’ for Milei's Argentina 02-04-2025 17:33 "Significant support" promised by Ajay Banga, head of the World Bank, as he meets with President Javier Milei at the Casa Rosada.
IMF DEBT PROGRAMME Milei wins lower house approval to agree new IMF loan 19-03-2025 17:52 Milei granted free hand in negotiations with International Monetary Fund over a new programme as lower house backs decree authorising talks.
Congress & Politics Congress upholds Milei’s decree to back new IMF-Argentina deal 19-03-2025 17:44 Lower house lawmakers vote in favour of President Javier Milei’s emergency executive decree backing a new deal with the International Monetary Fund.
ANALYSIS: SHOCK THERAPY All the currency, capital controls Milei needs to end this year 05-03-2025 12:00 Javier Milei has taken several steps to ease restrictions during his first year in office, but he entered 2025 with few indications that there will be a quick unwinding of the rules.
ECONOMIC INDICATORS Argentina's GDP shrank less than expected in 2024 26-02-2025 11:44 Argentina beats the World Bank's projection and shrinks GDP by just 1.8 percent as part of Milei's self-proclaimed "largest fiscal adjustment in history."
POLITICS & ECONOMY Milei opens up Argentina's largest bank to private capital 20-02-2025 13:15 Before travelling to the United States, Milei signs decree transforming Banco Nación into a public limited company; Privatisation had been previously proposed by the government, but Congress rejected it.
MONETARY POLICY Central Bank cuts key rate to 29% as peso depreciation slows 30-01-2025 23:43 Central Bank cuts benchmark interest rate by 300 basis points to 29%.
ECONOMY – ANALYSIS Argentina and the IMF – scenarios for a possible new agreement 28-01-2025 10:04 Milei government and IMF continue to fine-tune a future agreement which is likely to include a remittance of some US$11 billion to bolster Central Bank coffers, allowing Argentina to remove the ‘cepo’ currency and capital controls. by Gonzalo Martínez
CENTRAL BANK MANOUEVRES Argentina takes steps to dollarise and holds key rate 17-01-2025 11:49 Argentina’s Central Bank said payment intermediaries will have to enable debit card transactions in US currency by February 28, marking a key step in President Javier Milei’s pledge to dollarise the economy.
ECONOMIC OUTLOOK World Bank forecasts 5% growth for Argentina in 2025 17-01-2025 09:52 After two years of recession, President Javier Milei’s government will see approximately five percent in GDP this year, followed by a further 4.7 percent in 2026, predicts World Bank.
ECONOMIC FORECASTS Central Bank poll predicts 2025 inflation rate of 25.9% 09-01-2025 14:22 Projections for last year’s inflation rate dips to 117.8% in Central Bank’s market expectations survey.
WHERE'S THE GOLD? Argentina refuses to disclose location of Central Bank’s gold 09-01-2025 13:13 Lawyers representing Argentina in a New York court have refused to reveal the location of the Central Bank’s (BCRA) gold reserves.
REPURCHASE AGREEMENT Milei scores win with US$1-billion repo from five top banks 05-01-2025 09:47 Milei administration announces US$1-billion repurchase agreement with five international lenders that will help replenish foreign reserves at its Central Bank.
CENTRAL BANK RESERVES Argentina spent US$803 million this week on importer dollar demand 27-12-2024 18:42 Central Bank’s operations risk denting Milei's government’s efforts to replenish its treasure chest of reserves
CENTRAL BANK RESERVES Argentina sells most FX reserves since 2019 on importer demand 26-12-2024 19:14 Central Bank sells most foreign reserves in one day since October 2019 after officials eliminate PAIS tax on imports, igniting corporate demand for dollars.
MONETARY POLICY Argentina weighs managed exchange rate once it lifts currency controls 16-12-2024 19:44 President Javier Milei's government is weighing whether to introduce a managed exchange rate regime — a “dirty float” — once it lifts its current foreign exchange controls in 2025.
365 days of Javier Milei One year in, Milei yet to fulfill key economic campaign promises 09-12-2024 12:53 Dollarisation, the removal of the ‘cepo,’ and the closure of the Central Bank – though he has tamed inflation, President Javier Milei has yet to deliver on key economic promises in his first year in office.
INTEREST RATES Central Bank lowers rate to 32% on price expectations 06-12-2024 00:10 Argentina’s Central Bank cut its benchmark interest rate by 300 basis points to 32 percent as inflation expectations fall.
G20 SUMMIT IN BRAZIL Argentina snubs G20 summit launch of Brazil's global anti-hunger alliance 18-11-2024 11:05 Argentina the only G20 country not to sign up to a global anti-hunger initiative set to be launched at the opening of leaders summit in Brazil.
NEW BANKNOTES Milei administration introduces 20,000-peso bill to Argentina 13-11-2024 00:38 A dinner in an average restaurant costs around 20,000 pesos and it can now be paid with this banknote bearing the image of liberal politician and writer Juan Bautista Alberdi.
ECONOMIC OUTLOOK Argentina in ‘transition’ to growth, says top World Bank official 12-11-2024 22:21 Top World Bank official William Mahoney praises advances by President Javier Milei's government and says Argentina is "in transition" towards the recovery of growth.
MONETARY POLICY Central Bank lowers benchmark rate to 35% from 40% 01-11-2024 12:46 Argentina’s Central Bank lowers benchmark interest rate for the first time in nearly six months.
CENTRAL BANK MANOUEVRES Milei taps unseasonal source in search of dollars 30-10-2024 10:06 Faced by a shortage of foreign reserves, the Central Bank is turning to an unusual source of funding for this time of year: a risky trade by crop exporters.
'Shock Therapy' Clamour for pesos leads banks to tap repo market 23-10-2024 12:47 A surge in demand for local currency in recent months has left Argentina's commercial banks needing access to pesos.
COURT BLOW Milei officials rage at opponents as UK court rules against Argentina 17-10-2024 12:00 Argentina loses bid for UK Supreme Court to hear its appeal on a ruling that will force the nation to pay $1.5 billion in damages to holders of the country’s growth-linked bonds.
MULTILATERAL FUNDING Latin American development bank announces US$3.8 billion in aid 14-10-2024 11:57 Ilan Goldfajn, head of the Inter-American Development Bank (IDB) voices clear support for President Javier Milei’s reforms and quest for fiscal balance.
BANKING & FINANCE Central Bank working to enable dollar debt cards 14-10-2024 11:13 Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars.
INTERVIEW Latin America’s fiscal policies risk inflation, World Bank says 09-10-2024 18:25 Fiscal imbalances could threaten Latin America’s success in taming inflation, warns top World Bank economist.
ECONOMIC OUTLOOK World Bank highlights falling inflation but warns of economic decline 09-10-2024 17:23 Latest report forecasts 3.5% contraction for Argentina's economy, but says GDP will soar by 5% in 2025.
ECONOMY & POLITICS Banco de la Nación wants to sell debt after a 30-year hiatus 09-10-2024 12:11 Daniel Tillard, the new head of Argentina’s largest bank, wants state-run Banco de la Nación to re-enter international capital markets for the first time in three decades.
DOLLARISATION ON THE CARDS? Milei wants Argentines to dollarise the economy for him 02-10-2024 13:16 Argentina’s President seems to have abandoned his vision of dollarisation of the economy. Instead, he wants his countrymen to do the job for him: dollar by dollar, peso by peso.
BUSINESS Havanna, maker of Argentina’s famed alfajor treats, explores unit sale 13-09-2024 08:00 Havanna, maker of Argentina’s most famous brand of the dulce de leche-infused confections known as alfajores, is exploring a sale of its operations in Latin America, including Argentina.
ECONOMY & FINANCE Argentina ships gold bars abroad to be financially certified 02-09-2024 20:30 Argentina’s Central Bank sent part of its gold reserves abroad in recent weeks to be validated for financial use.
CRIME & INSECURITY Authorities prevent ‘heist of the century’ copycat bank robbery in San Isidro 08-08-2024 15:58 Authorities discover an elaborate tunnel more than 150 metres long, presumably built to rob Banco Macro branch in the town of San Isidro, in a case echoing the famous “Heist of the Century.”
AGRO Agro dollars: the countryside liquidated US$2.61 billion in July 01-08-2024 16:08 The data of agro dollars come from the CIARA Argentine Chamber of the Oil Industry and the CEC Cereal Exporting Centre, two entities which combined account for nearly 50 percent of Argentine exports.