News of rates

Argentina rolls over 61% in peso debt auction, yields soar

Yesterday 20:00 Local debt auction falls short of market expectations as President Javier Milei’s administration rolls over just 61% of maturities in a key auction that analysts said may prompt a drop in the peso.

MONETARY POLICY

Central Bank cuts key rate to 29% as peso depreciation slows

30-01-2025 23:43 Central Bank cuts benchmark interest rate by 300 basis points to 29%.

CENTRAL BANK MANOUEVRES

Argentina takes steps to dollarise and holds key rate

17-01-2025 11:49 Argentina’s Central Bank said payment intermediaries will have to enable debit card transactions in US currency by February 28, marking a key step in President Javier Milei’s pledge to dollarise the economy.

INTEREST RATES

Central Bank lowers rate to 32% on price expectations

06-12-2024 00:10 Argentina’s Central Bank cut its benchmark interest rate by 300 basis points to 32 percent as inflation expectations fall.

POVERTY IN ARGENTINA

Extreme poverty soars to affect six million, study shows

12-11-2024 14:19 Destitution rates have grown much faster than poverty in recent years in Argentina. According to a study by the University of Buenos Aires based on government data, more than six million people were not meeting daily nutritional needs in the first quarter of the year.

by Agustina Bordigoni

MONETARY POLICY

Central Bank lowers benchmark rate to 35% from 40%

01-11-2024 12:46 Argentina’s Central Bank lowers benchmark interest rate for the first time in nearly six months.

TELECOM

Government removes price caps on cable, mobile phone and Internet rates

27-06-2024 16:49 Companies may now set uncapped increases, measure taken by ENACOM is effective immediately; Recent study showed that 67.5 percent of Argentine homes took steps to reduce the costs of telecommunications services.

MONETARY POLICY

Central Bank cuts interest rate for sixth time to 40% as inflation slows

14-05-2024 20:32 Argentina cut its benchmark interest rate Tuesday for a sixth time under President Javier Milei.

INTEREST RATES

Central Bank cuts rates to 50% as Milei wrestles inflation down

02-05-2024 14:04 Central Bank cuts key interest rate for the third time in three weeks as officials bet on a sustained slowdown in consumer prices.

INTEREST RATES CUT

Central Bank lowers key rate to 60%

25-04-2024 15:07 Policymakers at Argentina’s Central Bank lower interest rates to 60% from 70% as officials bet on a sustained slowdown of inflation.

ECONOMIC INDICATORS

Central Bank cuts interest rate to 70%, markets see inflation easing

12-04-2024 10:22 Argentina’s Central Bank cuts main interest rate to 70% from 80% – the third time since President Javier Milei took office.

UTILITY RATES

Bye subsidies, hello soaring prices: Sharp gas increases on way

27-03-2024 16:13 First update will be applied in April; the following between May and September and the last one from October to December. Strong impact on high income households, shops and industries.

ECONOMIC INDICATORS

Brazil economy grew 2.9% in 2023, says official data

01-03-2024 16:08 Brazil's economy expanded 2.9% in 2023 after a fourth quarter of zero growth, according to data released Friday by the IBGE national statistics agency.

MARKETS

Latin America’s quasi-sovereign companies attract bond investors

19-02-2024 14:09 State-owned companies across Latin America face falling output, cash woes and expensive investment plans. Yet bondholders can’t get enough.

ECONOMIC INDICATORS

Brazil’s economic activity caps 2023 with better-than expected growth

19-02-2024 14:05 Brazil’s economy grew more than expected in December, indicating activity is still showing some resilience to high interest rates as President Luiz Inacio Lula da Silva readies higher government spending.

POLITICS & ECONOMY

Milei squeezes governors, eliminates transport subsidies to inland provinces

08-02-2024 17:02 In the midst of the war with governors after the failure of his reform bill, president moves to eliminate subsidies overnight; Fares set to soar as provinces face funding shortfall.

Transportation

Porteños told to register SUBE cards with authorities before fare hikes

23-01-2024 14:42 Buenos Aires City Transport Ministry warns porteños that fares will cost more than 400 pesos for those using unregistered cards – how to register your SUBE before April to avoid paying more.

MONETARY POLICY

Central Bank cuts key rate to 100% by swapping main policy tool

19-12-2023 08:25 Central Bank changes benchmark tool for monetary policy, replacing four-week notes with one-day transactions in a bid to lower borrowing costs.

INTEREST RATES

Central Bank hikes rate to 133% on inflation data

12-10-2023 23:39 Argentina’s Central Bank sharply raises key rate to 133%, sixth hike this year.

MONETARY POLICY

Central Bank likely to hold rate despite inflation spike

09-10-2023 21:04 Argentina’s Central Bank board plans to keep its benchmark interest rate unchanged despite inflation data hovering around a three-decade high.

POLICYMAKERS MEET

Central Bank to keep key interest rate unchanged despite surging inflation

14-09-2023 00:46 Central Bank board will likely keep its key interest rate unchanged because policymakers expect slowing price pressures later on in the year.

ECONOMIC INDICATORS

Brazil inflation accelerated in August to 4.61%

12-09-2023 14:54 Brazil’s inflation rate rises for second straight month in the wake of trimming of rates by central bank, but food prices decrease.

DEFAULT ON THE CARDS?

Argentina vote shock leaves investors dreading the next default

16-08-2023 14:05 Investors are fretting about the implications of negotiating with little-known populist Javier Milei when an all-but-inevitable deby restructuring process comes.