News of bank

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.

Inflation hits 79% ahead of likely rate hike

15-09-2022 15:20 Annual inflation in Argentina surged to 78.5 percent in August, almost certainly cementing another Central Bank interest rate hike as early as this week. 

Argentina gets vote of support as IDB boosts loan on Massa trip

07-09-2022 11:31 Economy Minister Sergio Massa wins a major loan commitment from Inter-American Development Bank, a symbolic victory in his bid to restore some confidence.

Introduction of ‘soy dollar’ leaves Argentina with seven exchange rates

06-09-2022 15:40 New 'soy dollar' rate, designed to boost exports and boost Central Bank reserves, unveiled by Economy Minister Sergio Massa; Following its arrival, there are now seven other exchange rates already operating in Argentina.

Government eyes FX incentive for soy exporters in bid for dollars

01-09-2022 01:44 Government may introduce temporary exchange rate for soy exporters in September in a bid to boost its dollar holdings and Central Bank's cash reserves. 

Peso crisis imperils coffee supplies in famed cafes of Argentina

30-08-2022 15:47 An escalating currency crisis is threatening a touchstone of Buenos Aires life: coffee.

Report: Argentina may request new loan from IMF’s ‘resilience’ trust

25-08-2022 17:00 Planning for Economy Minister Sergio Massa’s trip to the United States ramps up, with IMF talks leading the agenda.

Argentina to tighten import controls to preserve reserves

23-08-2022 12:49 Argentina's government will impose restrictions to discourage imports in the coming days and protect reserves.

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. 

Analysts estimate inflation could surpass 90% this year

10-08-2022 23:09 Annual inflation moves ever closer to three digits amid widespread changes at Argentina’s Economy Ministry.

Central Bank holds key rate at 52% amid faster inflation

15-07-2022 13:11 Decision to maintain the key rate at 52% takes financial markets by surprise.

Runaway price hikes has soy farmers hoarding all they can

15-07-2022 13:07 In Argentina, the top exporter of soybean products, farmers are hanging on to more of their crops than normal to defend against rampant inflation in yet another blow to global food supplies.

Three signs show that Argentina is heading to a devaluation

29-06-2022 22:02 Need to increase the monetary base to meet payments on peso debts and finance spending, plus a drop in agricultural exports and an increase in energy imports, all spell trouble for Argentina's currency.

Default jitters mount in Argentina as local yields top 70%

27-06-2022 13:12 Two years after Argentina emerged from its latest default, a debt crisis in brewing once again.

Argentina finishes first IMF review as path to targets may shift

09-06-2022 09:07 IMF staff and Argentine authorities agree that the annual objectives established at approval of the arrangement will remain unchanged.

Hernán Lacunza: 'The healthy antidote for avoiding capital flight is confidence'

03-06-2022 10:27 Former economy minister Hernán Lacunza on the IMF debt agreement, eyeing short-term fetishes instead of solutions and capital flight.

by Jorge Fontevecchia

Dollar bonds yielding 0% are minting money for Argentine banks

13-05-2022 16:14 Banks have latched on to a lucrative trade that produces all-but-guaranteed profits while also allowing local corporations to sell dollar bonds paying coupons as low as zero percent.

Central Bank raises key rate to 49% as inflation jumps

12-05-2022 20:19 Central Bank to raise interest rates for the fifth time this year in a bid to keep up with rising inflation.

Central Bank raises key rate to 47% as inflation soars

13-04-2022 20:52 Central Bank raises interest rates for the fourth time this year after inflation data shows prices increasing at the fastest monthly pace in 20 years. 

Argentina receives US$9.7B after IMF board signs off on debt deal

25-03-2022 20:36 IMF chief Kristalina Georgieva warns that “risks” lie ahead, concedes “early recalibration” of programme may be necessary.