AGRO TENSIONS Shift to protectionism riles Argentina’s farmers 09-01-2021 07:47 Farm associations call for three-day halt on trading after government slaps ban on maize exports.
BLOOMBERG As devaluation talk swirls, Argentine traders rush into new bond 02-11-2020 19:18 Amid fears of a steep devaluation, traders in Argentina are falling over themselves to snap up local government notes that are linked to the US dollar.
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.
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 Bond traders are already betting on Argentina’s next default 18-08-2020 10:58 In the next few weeks, officials will put the finishing touches on a bond restructuring deal and bring an end to the ninth default in the country’s history. Bond traders are already bracing for the 10th...
Bloomberg 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.
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.
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.
Virus panic After a US$1-trillion wipeout, emerging markets bank on stimulus 02-03-2020 13:22 With the world reeling from one of the biggest risk sell-offs since the 2008 global financial crisis, more coronavirus-fueled declines in emerging markets may only be tempered by the prospect of coordinated central bank action or large fiscal stimulus.
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.
TRANSITION 2019 Sandleris confirms resignation as Central Bank chief 05-12-2019 06:58 Central Bank chief confirms he will resign post ahead of December 10 handover. Argentina's monetary institution has had 61 presidents in the 84 years since its founding.
ECONOMIC INDICATORS 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.
CURRENCY CONTROLS Central Bank tightens 'cepo,' sets US$50 limit on cash advances abroad 31-10-2019 22:10 The move comes three days after the Central Bank sharply tightened currency exchange controls to stem a surge in capital flight.
EXCHANGE MARKETS Tensions in exchange markets intensify ahead of election 24-10-2019 14:29 Peso selling at 62 per US dollar on official markets, reaching as high as 69 per greenback in Córdoba.
CENTRAL BANK Sandleris asks for 'basic consensus' to ensure Argentina grows 16-10-2019 08:29 "If we manage to build basic consensus, our economy can leave behind instability and crisis, so that we can begin to grow steadily and begin to lower inflation," declares Central Bank chief.
BLOOMBERG With controls in place, Central Bank cuts 85% rate, buys dollars 18-09-2019 14:08 Institution's move to choke off dollars hands peso some breathing room, with Central Bank buying dollars for first time in seven months.
ECONOMIC INDICATORS New Central Bank survey predicts 55% inflation in 2019 04-09-2019 09:46 GDP anticipated to contract by 2.5% this year, survey of economists and consultancy firms reveals.
BLOOMBERG Bond investors keen to hear from Alberto Fernández's economic advisors 27-08-2019 12:24 Money managers including BlackRock, Goldman Sachs and others have made contact with advisers to Alberto Fernández, with some pleasantly surprised by what they've heard.
BLOOMBERG Argentina bonds may be worth less than 40 cents a dollar in a default 21-08-2019 12:38 Citi sees recovery value at low-30s range, BofA says below 40. Massive sell-off sent implied probability of default to 85%.
CHANGE AT THE TREASURY Peso stability a priority, declares new Finance Minister Hernán Lacunza 20-08-2019 13:46 "Guaranteeing the exchange rate is a first-order objective," says Lacunza, who also promises that Argentina would keep 2019 fiscal targets set in alignment with IMF.