News of traders

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.

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 spawns another FX rate as government clamps down

15-07-2021 14:49 Government steps to regain control over Argentina’s chaotic currency market has led a new unofficial exchange rate to rise to prominence.

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.

News of traders

IMF’s special drawing rights gives boost to Central Bank reserves

Argentina tightens capital controls ahead of midterm elections

Central Bank sells dollars for first time since April

Government speeds up money printing ahead of election

Not even 50% inflation will make Argentina boost interest rates

Argentina spawns another FX rate as government clamps down

Shift to protectionism riles Argentina’s farmers

As devaluation talk swirls, Argentine traders rush into new bond

Argentina’s currency woes show no sign of easing

Central Bank tightens currency controls as peso weakens

Central Bank optimistic over post-bond swap future

Bond traders are already betting on Argentina’s next default

Negative-yielding corporate bonds are all the rage in Argentina

Argentina would ease currency controls if debt talks are successful

Central Bank cuts interest rate to 38%

After a US$1-trillion wipeout, emerging markets bank on stimulus

Central Bank lowers key rate to 40%, extending cuts

Central Bank cuts key interest rate for fifth time since December 10

Sandleris confirms resignation as Central Bank chief

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

Central Bank tightens 'cepo,' sets US$50 limit on cash advances abroad

Tensions in exchange markets intensify ahead of election

Sandleris asks for 'basic consensus' to ensure Argentina grows

Government unveils plan to ease Covid restrictions, reopen borders

Details of the government's new Covid restrictions

Argentina revives Kirchner accounting moves to ease cash crunch

Casa Rosada confirms First Lady Fabiola Yáñez is pregnant

Turn the page on Covid-19? Not so fast, say experts

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