News of pesce

Argentine banks ask for some relief after worst year since 2007

27-03-2021 08:34 After posting their worst returns in 13 years, nation’s banks are blaming part of their losses on government’s pandemic measures and asking the Central Bank for help.

MARTÍN GUZMÁN

Should he stay or should he go?

19-12-2020 08:31 The series of reversals of Martín Guzmán’s 2021 policies sends a clear message: austerity will not be tolerated, much less so in an electoral year.

by Agustino Fontevecchia

Coronavirus pandemic

Guzmán, Pesce, Massa in isolation after IMF officials gets Covid-19

15-11-2020 20:55 A number of government officials – including Martín Guzmán, Miguel Pesce and Sergio Massa – went into preventative isolation on Sunday, after a member of a visiting IMF mission tested positive for Covid-19.

IN FOCUS

Economy Ministry takes steps to relieve pressure on currency markets

21-10-2020 18:59 Economy Ministry unveils new measures designed to reduce the pressures on volatile currency markets and ward off devaluation.

FINANCE

Analysts keep eye on reserves as uncertainty pushes blue dollar to 160

10-10-2020 10:05 Central Bank buys dollars for first time since mid-September, as uncertainty pushes blue dollar sky-high.

LA GRIETA

What we've got here is failure to communicate

26-09-2020 09:13 There are at least two major elements to conducting public policy: the construction and execution of successful strategic plans and their communication, in order to generate the correct expectations.

by Agustino Fontevecchia

PERIODISMO PURO | INTERVIEW

Miguel Pesce: ‘A dollar at 130 pesos would inflict unbearable levels of poverty’

26-09-2020 08:45 Following a week of difficult announcements, Central Bank chief Miguel Pesce sits down for a feature-length interview to explain the government’s logic in what he describes as “very arduous situation, aggravated by the action of speculators.” Nevertheless, Pesce remains optimistic over 2021 growth, lower inflation and export possibilities.

by Jorge Fontevecchia

CAPITAL CONTROLS

Pesce and Guzmán split over curbs on dollar purchases

19-09-2020 09:26 Government’s economic team split on latest crackdown, as well as how long new rules should remain in place.

CAPITAL CONTROLS

Fernandez defends new currency controls as blue dollar soars

19-09-2020 08:25 Economists question wisdom of new Central Bank measures, which hit small savers as well as companies. Blue dollar closes week at more than 140 per greenback.

Bloomberg

Pesce, Guzmán split over curbs on dollar purchases

17-09-2020 16:19 Argentina's economic team split on latest crackdown, as well as how long new rules should remain in place.

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.

MINISTRY POSITIONS

Taxation the only certainty beyond the end of life (and this column)

20-06-2020 11:11 Taxation dates from this country’s earliest days even if customs dominated revenue in colonial and 19th century Argentina, the root cause of the incredible centralisation persisting today.

by Michael Soltys

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

Coronavirus pandemic

Clearing banks freed to pay salaries during quarantine

25-03-2020 16:33 Central Bank to allow the financial system to resume processing cheques, in order to allow the payment of wages.

Price increases

Central Bank chief predicts February inflation data will be 'below 2%'

09-03-2020 08:00 Alberto Fernández’s administration will strengthen its economic interventions to combat inflation as experts forecast a deceleration of the price increases for February.

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.

DEBT TALKS

IMF mission team keeps low profile during time in Argentina

18-02-2020 13:59 Officials from the International Monetary Fund depart Buenos Aires on Wednesday, after meeting with a host of ministers from the Argentine government.

Bloomberg - Long read

Guzmán's ambitious plan to diffuse Argentina's debt bomb

03-02-2020 13:16 The government's proposed timeline to fix the US$311 billion debt problem was met with scepticism, but the plan offers a glimpse of how the Fernandez administration hopes to proceed.

INFLATION

Central Bank expects considerable drop in inflation this year

28-01-2020 14:05 Institution has made largest interest rate cut in the world in recent weeks, in an attempt to revive an economy that is forecast to contract by 2020 for the third straight year.

CENTRAL BANK

Central Bank cuts interest rates for fourth time in just over a month

17-01-2020 13:49 The reforms consist of a reduction in interest rates to improve demand and will allow companies to send foreign currency to enhance international trade and capital control.

MIGUEL PESCE INTERVIEW

Miguel Pesce: Central Bank will try to cut rates, slow inflation

09-01-2020 12:46 New Central Bank chief refuses to make inflation forecasts, saying he wants to rebuild the institution’s credibility “with results.”

CENTRAL BANK CHIEF

Government will continue making payments during debt talks, says Pesce

19-12-2019 07:42 Speaking at event at the American Club, new Central Bank chief says government wants to continue making debt payments while it renegotiates with creditors in the coming months.

NEW GOVERNMENT

Fernández names Miguel Ángel Pesce as Central Bank chief

06-12-2019 22:39 Economist will lead Argentina’s Central Bank during the administration of president-elect Alberto Fernández, who announced his Cabinet appointments in a press conference on Friday.