News of monetary policy

United States supports 'a vibrant Argentine economy,' Blinken tells Cafiero

18-01-2022 21:30 Foreign Minister Santiago Cafiero meets with US Secretary of State Antony Blinken in Washington for talks, with the latter describing Argentina as "a friend and partner" of the United States.

BLOOMBERG

Central Bank hikes rate for first time in a year

07-01-2022 01:41 Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy.

FINANCIAL TURBULENCE

Central Bank reserves at the limit as rumours swirl around Argentina

30-11-2021 21:40 Ecolatina consultancy firm forecasts that Central Bank reserves could end the year lower than in December 2020. Concerns remain about the level of money available to the BCRA, but economists rule out a potential 'corralito.'

by Brenda Funes

NEW CENTRAL BANK RESTRICTIONS

Kulfas defends new rules: ‘Middle class has many options for the summer’

28-11-2021 09:08 Productive Development Minister Matías Kulfas becomes the latest government minister to take to the airwaves to defend new Central Bank rules on credit card purchases in dollars.

EXCHANGE CONTROLS

Argentina tightens exchange controls to curb outflows of dollars

26-11-2021 03:06 Argentina’s Central Bank publishes two new measures intended to curb access to hard currency amid expectations for a devaluation.

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

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.

BRAZIL CENTRAL BANK

Brazil hikes interest rate by most in two decades

27-10-2021 21:42 Brazil's Central Bank raised its benchmark interest rate by 150 basis points Wednesday – its biggest hike since 2002 as it struggles to tame surging inflation.

BLOOMBERG – ANALYSIS

Brazil tightens most in tears, with 150 points now and December

27-10-2021 21:40 Brazil’s Central Bank delivered its biggest interest rate increase in almost two decades and pledged another equally large move for December, as it fights alone against deteriorating inflation expectations and growing fiscal concerns.

IMF BOOST

IMF’s special drawing rights gives boost to Central Bank reserves

23-08-2021 21:42 International Monetary Fund boost of special drawing rights lifts Argentina's Central Bank reserves to highest amount in almost three years.

BLOOMBERG

Argentina tightens capital controls ahead of midterm elections

13-08-2021 14:11 Regulators tighten screws on so-called blue-chip operations, where investors buy assets in pesos and sell them abroad in dollars to obtain foreign currency.

BLOOMBERG

Central Bank sells dollars for first time since April

03-08-2021 14:53 Central Bank sells greenbacks for the first time in three months, amid electoral nervousness and high inflation.

Bloomberg

Government speeds up money printing ahead of election

28-07-2021 17:00 Central Bank was printing money for the Treasury at the fastest pace so far this year in July.

Bloomberg

Not even 50% inflation will make Argentina boost interest rates

23-07-2021 16:47 Central Bank rules out increasing interest rates for the foreseeable future, even as currency pressures mount and annual inflation climbs above 50%.

Bloomberg

Argentina spawns another FX rate as government clamps down

15-07-2021 14:49 Government steps to regain control over Argentina’s chaotic currency market has led a new unofficial exchange rate to rise to prominence.

BLOOMBERG

Argentina slows peso devaluation in an attempt to curb inflation

01-07-2021 07:55 Policy makers see slower peso depreciation, managed by the Central Bank in a so-called 'crawling peg,' as a key tool to curb rising inflation expectations.

Bloomberg

Latin America rate hike pressure grows as Chile signals lift-off

24-06-2021 09:11 A shift toward tighter monetary policy is quickly taking shape across Latin America. Central banks played a crucial role in the region’s economic response to multiple waves of the coronavirus.

BLOOMBERG

Argentina turns to orthodox policy signals to ease dollar craze

06-11-2020 09:12 After tightening capital controls several times, Argentina's government has surprised investors by altering its tack in what appears to be an incipient effort to restore confidence.

Bloomberg

Argentina is slowly shifting its monetary policy instrument

21-10-2020 18:27 Argentina is changing its monetary policy, Bloomberg reports, uniting two different benchmark rates of interest in a bid to reduce the cost of eliminating excess peso liquidity on the market.

BLOOMBERG

Argentina’s currency woes show no sign of easing

10-10-2020 08:31 Argentina’s hodge podge exchange rate regime is running out of steam.

monetary policy

Central Bank moves to unify interest rates

09-10-2020 11:27 Central Bank is taking steps to tighten its monetary policy and encourage banks to buy local peso assets.

CURRENCY CONTROLS

Central Bank tightens currency controls as peso weakens

16-09-2020 10:29 Central Bank tightens conditions for the purchase of foreign currency, to prevent hoarding, preserve reserves and discourage demand for US dollars.

ECONOMIC POLICY

Central Bank optimistic over post-bond swap future

25-08-2020 19:20 Central Bank Governor Miguel Ángel Pesce says closure of the debt swap deal would relieve pressures on exchange markets and improve economic expectations.

BLOOMBERG

Argentina would ease currency controls if debt talks are successful

29-05-2020 14:56 Central Bank leaders implemented new controls Thursday night, restricting companies’ access to the foreign exchange market to pay for obligations overseas in dollars or other currencies.

MIGUEL ÁNGEL PESCE INTERVIEW

Miguel Pesce: ‘In this emergency, the mechanism is printing money’

11-04-2020 10:07 Central Bank chief Miguel Ángel Pesce on the economy, printing money, the coronavirus pandemic and the problems that lie ahead.

by Jorge Fontevecchia

Bloomberg

Central Bank to pause run of rate cuts

12-03-2020 22:33 Central Bank plans to keep its policy rate unchanged, as it weighs the impact of sell-off on world markets.

RATE CUT

Central Bank cuts interest rate to 38%

06-03-2020 08:00 In its statement, the Central Bank’s committee said cooling prices justified the rate cut but that the economy wasn’t in the clear yet.

RATE CUT

Central Bank lowers key rate to 40%, extending cuts

19-02-2020 18:15 Central Bank chief Miguel Pesce justifies the rate cuts as a tool to help turn around Argentina’s economy, which is expected to contract for the third straight year in 2020.

RATE CUT

Central Bank cuts key interest rate for fifth time since December 10

30-01-2020 21:29 Rate floor cut to 48 percent on Thursday from 50 percent. Central bank chief Miguel Pesce has lowered it from 63 percent since taking office December 10.

News of monetary policy

United States supports 'a vibrant Argentine economy,' Blinken tells Cafiero

Central Bank hikes rate for first time in a year

Central Bank reserves at the limit as rumours swirl around Argentina

Kulfas defends new rules: ‘Middle class has many options for the summer’

Argentina tightens exchange controls to curb outflows of dollars

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

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

Brazil hikes interest rate by most in two decades

Brazil tightens most in tears, with 150 points now and December

IMF’s special drawing rights gives boost to Central Bank reserves

Argentina tightens capital controls ahead of midterm elections

Central Bank sells dollars for first time since April

Government speeds up money printing ahead of election

Not even 50% inflation will make Argentina boost interest rates

Argentina spawns another FX rate as government clamps down

Argentina slows peso devaluation in an attempt to curb inflation

Latin America rate hike pressure grows as Chile signals lift-off

Argentina turns to orthodox policy signals to ease dollar craze

Argentina is slowly shifting its monetary policy instrument

Argentina’s currency woes show no sign of easing

Central Bank moves to unify interest rates

Central Bank tightens currency controls as peso weakens

Central Bank optimistic over post-bond swap future

Argentina would ease currency controls if debt talks are successful

Miguel Pesce: ‘In this emergency, the mechanism is printing money’

Central Bank to pause run of rate cuts

Central Bank cuts interest rate to 38%

Central Bank lowers key rate to 40%, extending cuts

Central Bank cuts key interest rate for fifth time since December 10

INDEC: Inflation in Argentina soared to 50.9% in 2021

Copper majors are taking another look at Argentina, McEwen says

Covid tests spark Argentine supply chain fears over border queues

Russian court jails four in 2018 Argentine embassy luggage cocaine case

Drought could trim a third of Argentina’s economic growth this year

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