News of peso

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%.

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.

Balancing the budget, a dubious aim in an electoral year

30-01-2021 08:38 Economy Minister Martín Guzmán’s plans could collide with government aspirations for a good result in the 2021 midterms.

Adherence to domestic debt swap deal rises to 99.49%

29-11-2020 23:29 Government announces that adherence to its offer to restructure US$41.7 billion in bonds issued under local jurisdiction has risen to 99.49 %. 

Covid and Argentina drag Telefónica to 160-million-euro 3Q loss

30-10-2020 01:07 Company’s third-quarter write-down illustrates depth of Argentina’s economic crisis, reports Bloomberg.

What we learned this week: October 17 to 24

24-10-2020 08:30 Headlines and stories that caught our eye over the last seven days in Argentina.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Fernández says no devaluation of peso on the way

14-10-2020 08:09 Argentina’s government is not going to devalue the peso, President Alberto Fernández said Tuesday night amid widespread speculation on the issue.

Argentines are starting to withdraw dollar savings from banks

26-09-2020 09:54 Data suggests savers are now choosing to hold the physical dollars versus keeping them at the bank, on concerns that more severe restrictions could be on the way.

The incredible shrinking peso

26-09-2020 08:58 The desperate attempts that are being made to keep the dollar out of arm’s reach are bound to prove counterproductive; it is the government’s way of inadvertently warning people that, yet again, the economy is going under.

by James Neilson

It’s also the economy, stupid

22-08-2020 09:39 Why is anybody even talking about judicial reform? Putting the economy back on track evidently requires more than successful debt negotiations.

Negative-yielding corporate bonds are all the rage in Argentina

30-07-2020 14:21 Argentine companies issued a record US$596 million of dollar-linked bonds domestically in the past two months, and about a third now pay negative yields. Investors, nevertheless, are lapping them up.

Government likely to issue second 10,000-peso allowance to families in May

29-04-2020 13:14 Government considering a new round of the ‘Ingreso Familiar de Emergencia’ payment in May, the 10,000-peso subsidy that some eight million single-income earners, people on social benefits and informal workers have signed up for.

Suspension of local debt payments shows not all bondholders are equal

06-04-2020 16:11 Plan to stop payments on some dollar-denominated debt burns investors who put their faith in domestic bonds, improves outlook for holders of international notes.

Economy Ministry delays payment of AF20 bond principal

11-02-2020 17:07 Economy Ministry, headed by Martín Guzmán, slams "speculation" in fierce statement, saying it would not allow "Argentine society" to be "held hostage by international financial markets."

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.

Bitter start to wallet-draining Christmas for middle class

21-12-2019 08:58 'Tourist dollar' tax sparks indignation among some, as government pushes legislative package it says will protect “highly vulnerable” Argentines.

Kicillof says Buenos Aires Province can't afford to pay debts

11-12-2019 17:14 “As Alberto said, if we don’t grow, we can’t pay,” says new governor. “We’ll get in touch with bondholders immediately and establish a dialogue to find a solution to this problem.”

Argentina running dangerously low on dollars to pay back debt

12-11-2019 17:18 Argentina must repay US$5 billion by the end of 2019. It doesn’t have much to work with.

Central Bank alters 2019 forecasts: 3% drop in GDP, inflation at 55.6%

05-11-2019 14:15 Monthly survey carried out by Central Bank downgrades forecasts for Argentina's economy.