CENTRAL BANK Argentina's Central Bank raises key rate to 44.5% as inflation heats up 23-03-2022 15:42 Central Bank raises benchmark rate for the third time this year as inflation continues to speed up.
BLOOMBERG Argentina’s Central Bank raises key rate to 42.5% 18-02-2022 03:00 Second rate hike this year; IMF staff have called for interest rates in Argentina to exceed annual inflation.
ECONOMIC INDICATORS Peso weakens against dollar in parallel exchange markets 26-01-2022 18:34 Argentina's currency depreciated even further on parallel foreign exchange markets on Wednesday, hitting a record 221 pesos per US dollar.
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.
FINANCIAL TURBULENCE Blue dollar takes a breather after week of turbulence 12-11-2021 22:04 The so-called ‘Blue Dollar’ fell to 202 pesos per greenback on the last business day before the elections.
Finance & Markets Currency turbulence continues in lead-up to midterms 10-11-2021 22:49 Argentina's currency fell sharply on Wednesday in unofficial exchanges, with the so-called 'blue dollar' selling at an all-time high of 205 pesos.
BLOOMBERG Argentina will let foreign tourists bring in dollars at a lucrative rate 29-10-2021 15:02 Foreigners travelling to Argentina will be able to exchange up to US$5,000 to pesos at the more lucrative MEP (Medio Electrónico de Pagos) rate using a temporary bank account, according to new Central Bank rules.
ECONOMY MINISTER Martín Guzmán: ‘There will be no devaluation’ 25-10-2021 11:02 Argentina’s economy minister plays down rumours of an upcoming devaluation, declares that record US$57-billion IMF credit-line was “a political loan” that helped finance Mauricio Macri’s re-election campaign.
CURRENCY Pre-election jitters send blue dollar, country risk rate soaring 22-10-2021 21:56 Peso weakens in parallel and informal exchange rates, sending JP Morgan ‘country risk’ rate soaring.
BLOOMBERG – ANALYSIS Argentina's peso weakens past key level in parallel market 22-10-2021 19:01 Argentina’s parallel exchange rate weakened past a key threshold on Friday, as demand for assets in hard currency climbed ahead of the upcoming midterm elections in November.
BUDGET 2022 Argentina's 2022 Budget sees primary deficit falling to 3.3% 16-09-2021 10:24 Budget bill, presented to the Chamber of Deputies just before midnight on Wednesday, forecasts inflation reaching 33% in 2022.
GUEST VOICE The challenge of reducing the gap between exchange rates 04-09-2021 10:39 Continuing the current chasm is a recipe threatening economic revival and halting investments. by Miguel Kiguel
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.
exchange rate Blue dollar rises to 185, highest price since October 23-07-2021 19:25 Argentina’s currency continues to depreciate in parallel exchange markets; Informal ‘blue’ dollar rate has risen by 17 pesos so far 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’s peso mess is delivering windfall profits to brokers 14-04-2021 15:12 In Argentina, financial markets are all but dead. From stocks to bonds to traditional foreign-exchange venues, trading volumes are razor thin. Except, that is, in one unusual corner.
DEBT RESTRUCTURING Bondholders: ‘Argentina desperately needs agreement with the IMF’ 20-02-2021 08:18 Private bondholders group, who previously agreed to restructuring, accuse government of dragging its feet in talks with IMF to “continue its unsustainable policies even longer."
BLOOMBERG Argentina gives Templeton, Pimco chance to trim peso holdings 09-11-2020 18:04 Argentina is giving some of its largest bondholders the chance to trim their holdings in one of the world’s worst-performing currencies, offering to swap their local peso securities for dollar-denominated assets.
BLOOMBERG Argentina can avoid a devaluation, says Domingo Cavallo 30-10-2020 14:35 Former economy minister Domingo Cavallo tells Bloomberg in an interview that it’s still possible to avoid a one-off devaluation of the peso.
ARGENTINA ON THE RUN The peso's got a fever and the only prescription is more dollars 24-10-2020 08:08 Whereas classical economic theory suggests that markets create efficient prices through a cumulative aggregation of information, thus allowing market players to accede to perfect information, the current situation in the City Porteña is one of absolute price opacity. by Agustino Fontevecchia
ANALYSIS When nobody wants pesos: currency meltdown upends business 24-10-2020 05:51 Argentina’s battle to control its currency is upending its economy, wreaking havoc on everything from household finances to the production and sale of common goods.
FINANCIAL TURMOIL Guzmán: 'There will be no devaluation' 24-10-2020 05:44 Economy minister says currency will depreciate ‘hand-in-hand with inflation,’ as blue dollar soars to close at record high of 195 pesos per greenback.
BLOOMBERG 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.
Exchange rate 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.
Financial turmoil Fernández: Currency market is messy, it needs order 11-10-2020 17:22 In the wide-ranging interview with El Cohete a la Luna, president says Argentina's currency market is messy and must be “ordered.”
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.
FINANCIAL TURBULENCE 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.
AS I SEE IT 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
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
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.