News of austerity

Central Bank poised to hold the key rate at 75% into next year

30-11-2022 08:34 Central Bank tracking suggests monthly inflation could slow to about 5.5% in November, down from 6.3% in October.

economy

Central Bank hikes interest rates to 75% as inflation nears 100%

15-09-2022 23:17 Central Bank boosts benchmark Leliq rate by 5.5 percentage points to 75% in a bid to prop up its currency and curb inflation.

INTEREST RATES

Central Bank set to hike rates again on price spike

01-09-2022 01:54 Central Bank set to increase benchmark Leliq rate again next month as annual inflation rises above 70%.

CENTRAL BANK

Argentina raises key interest rate to 69.5% in biggest hike since 2019

11-08-2022 16:40 Argentina’s Central Bank raises benchmark Leliq rate in largest hike in almost three years, signalling a more aggressive stance against surging inflation.

MONETARY POLICY

Argentina raises benchmark rate to 52% as inflation stays hot

16-06-2022 16:54 Central Bank raises benchmark interest rate for the sixth time this year as the government struggles to cool inflation expectations.

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.

EDITORIAL

Incessantly Muddling Factors

07-01-2022 22:59 The Frente de Todos administration seems far more bent on delaying than accelerating a debt agreement with the International Monetary Fund.

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.

IMF DEBT TALKS

Guzmán tells CGT he won’t sign ‘austerity agreement’ with IMF

03-12-2021 02:49 Economy Minister Martín Guzmán promises that "there will be no austerity" in Argentina and that his economic plan seeks to "create jobs and lower inflation."

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

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

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%.

MIDTERMS 2021

Alberto and Cristina reunite to chart economic course for campaign

14-07-2021 14:27 President Alberto Fernández and Vice-President Cristina Fernández de Kirchner huddled with Santiago Cafiero, Martín Guzmán and Axel Kicillof recently at the Olivos presidential residence. Sides agreed on no more austerity in order to inject money into upcoming electoral tussle.

by Rosario Ayerdi