News of central banks

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.

'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.

MONETARY POLICY

Central Bank to hold talks over risks from bond puts

14-06-2024 17:18 Argentina’s Central Bank is in talks with executives at commercial banks to reduce the overhang of puts on sovereign peso debts.

MORTGAGE MARKET MOVES

Argentines flock to banks as Milei awakens mortgage market

14-05-2024 15:06 Argentines are rushing to banks to apply for mortgages as interest-rate reductions begin to wake the home-loan market.

BANKS PROBED

Argentina questions three banks on puts, bond transactions

13-05-2024 20:36 Argentina’s Central Bank and regulators are looking into at least three of the nation’s banks – Galicia, BBVA, Banco Supervielle – for potential irregularities in transactions with government bonds and put options.

NEW GOVERNMENT

Argentina restricts dollar access until Milei unveils policies

11-12-2023 13:59 Argentina’s Central Bank restricts access to dollars at the official exchange rate until President Javier Milei’s administration announces the first measures of a promised shock-therapy programme.

Presidential handover

Argentina stops banks from hoarding dollars ahead of devaluation

07-12-2023 13:34 Central Bank limits amount of foreign currency the nation’s commercial lenders can hold, in a push to discourage US dollar hoarding ahead of an expected devaluation by president-elect Javier Milei.

TRANSITION OF POWER

Argentine banks flee to one-day notes amid government transition

24-11-2023 14:34 Banks are fleeing to short-term notes for even more liquid securities as President-Elect Javier Milei’s vague comments on the debt have stoked concern over how he’ll handle the assets.

Election 2023

Argentina’s banks load up on liquidity before weekend’s election

15-11-2023 13:02 Local banks load up on the most liquid assets to ensure they could accommodate a potential surge in peso withdrawals ahead of run-off vote.

BLOOMBERG – ANALYSIS

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.