News of bank

Top-ranking IMF official eyes progress on debt deal in 'next days'

25-01-2022 15:32 Senior IMF official hopeful progress will be made in talks over new debt deal for Argentina in the coming days, but warns programme must be "sound and credible."

IMF hopes for 'progress' soon in talks with Argentina

25-01-2022 15:24 IMF hopes to see a breakthrough in negotiations for a new programme with Argentina “in the next days,” according to Fund official.

There is no Santa Claus!

07-01-2022 23:06 Former Central Bank governor gives his take on the national government’s Previaje programme.

by Federico Sturzenegger

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. 

Argentina’s Central Bank weighs rate hike amid IMF talks

15-12-2021 09:12 Central Bank weighing first interest rate increase in over a year as it seeks to bring borrowing costs closer to inflation amid talks with the IMF.

Argentina inflation cools as IMF eyes monetary policy shift

14-12-2021 17:49 Inflation cooled last month as the government’s strategy to tackle persistently high prices becomes a focal point of negotiations with the IMF. 

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

Kulfas defends new rules: ‘Middle class has many options for the summer’

28-11-2021 09:08 Productive Development Minister Matías Kulfas becomes the latest government minister to take to the airwaves to defend new Central Bank rules on credit card purchases in dollars.

Argentina begins taxing cryptocurrency, reversing old stance

17-11-2021 15:17 Transactions involving cryptocurrencies will be subject to government's tax on bank credit and debts, effective immediately.

Brazil's inflation rate accelerates more than expected

10-11-2021 16:25 Brazil's inflation rate accelerated more than expected in October, officials said Wednesday; Prices in Argentina's neighbour up 10.67% this year.

Brazil hikes interest rate by most in two decades

27-10-2021 21:42 Brazil's Central Bank raised its benchmark interest rate by 150 basis points Wednesday – its biggest hike since 2002 as it struggles to tame surging inflation.

Brazil tightens most in tears, with 150 points now and December

27-10-2021 21:40 Brazil’s Central Bank delivered its biggest interest rate increase in almost two decades and pledged another equally large move for December, as it fights alone against deteriorating inflation expectations and growing fiscal concerns.

Argentina looks to mutual funds for additional local funding

02-10-2021 08:18 Argentina took a new step on Friday to boost its local financing options in pesos as the midterm elections approach.

A million bolivars become one as Venezuela recalibrates battered currency

30-09-2021 22:30 For the third time in 13 years, Venezuela on Friday will slash zeroes off its inflation-battered currency, the bolivar. This time, it will shed six zeroes, for a total of 14 since 2008.

Debt load threatens Latin America jobs recovery, World Bank says

14-09-2021 12:06 Latin America’s heavily-indebted corporations are likely to delay rehiring workers during the recovery from last year’s slump, according to the World Bank.

The problem with Latin America’s rate hikes: they barely work

09-09-2021 14:25 From Brazil to Mexico, banks tighten faster than global peers; Unstable politics and off-the-books economies limit the impact

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.

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.

Venezuela to slash six zeroes from its currency

05-08-2021 14:25 Venezuela will slash six zeroes off its inflation-battered currency to make it easier to use, the Central Bank said on Thursday.

Debt rollover flops as investors eye midterms

04-08-2021 20:47 Investors sent a warning message to Argentina’s Treasury on Tuesday night – don’t expect us to finance the government’s increased spending ahead of November’s midterm elections unless interest rates go up.