News of central banks

Central banks use record amount of yuan via PBOC swaps

16-05-2023 10:59 Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status.

ECONOMIC INDICATORS

Argentines pulled US$1 billion from bank accounts in April rush

05-05-2023 13:31 Citizens across the country withdrew over US$1 billion of US dollar deposits from the banking system from late March to the end of April amid rumours of currency devaluation in official exchange rate.

REGIONAL ECONOMY

Latin America’s policy-makers warn investors of long fight against inflation

17-04-2023 17:08 Battle against inflation will take longer than expected, the region top economic authorities said at IMF Spring Meetings.

DEBT SWAP OFFER

Argentina's officials, analysts disagree on results of debt swap

12-03-2023 08:56 Participation in last Thursday's debt swap may have been less than reported, with government officials and analysts disagreeing on how the results should be counted.

DEBT SWAP

Government swaps US$21.7 billion of debt, easing default fear

09-03-2023 23:11 Argentina exchanges 4.34 trillion pesos (US$21.7 billion) in a local debt swap, alleviating immediate concerns of a potential local debt default.

DEBT SWAP

Argentina to swap peso debt to ease US$35-billion default fear

07-03-2023 11:04 Argentina will give investors the chance to exchange holdings of local debt into new bonds; Government wants to ease fears of a default on US$35 billion of local debt due in second quarter.

DEBT SWAP

Argentina to offer local debt swap to ease default fears

06-03-2023 16:46 Government will offer investors chance to swap local debt holdings for new bonds in a bid to calm fears of a default.

Bloomberg

The carry trade is minting big returns in Latin America again

09-02-2022 15:32 The carry trade is roaring back in Latin America, home to some of the world’s most aggressive inflation-fighting central banks.

BLOOMBERG

Inflation is raging everywhere, but it’s worst in Latin America

23-11-2021 13:57 Inflation shocks are spreading pain around the world, but nowhere is it as bad as Latin America.

BLOOMBERG

Argentina says banks must maintain USD position through end November

05-11-2021 02:04 Argentina's Central Bank announced Thursday that the country's financial entities must maintain their foreign currency positions until the end of November, according to an emailed statement.

BLOOMBERG

Interest rates aren’t the only weapon in global inflation fight

01-11-2021 09:00 As the cost of living surges all over the world, governments aren’t leaving the job of containing inflation to their central banks. They’re responding in other ways too.