News of rate

Argentina slams on the brakes, keeps foot on accelerator

27-04-2023 23:10 Argentina's Central Bank just raised its rate by 1,000 basis points. What appears to be a sharp brake is too little too late. And it won't save the peso.

Massa rejects devaluation speculation as peso sinks

22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.

Economy 2023: inflation and austerity in an election year

11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.

2022: the errors of the economists

29-12-2022 02:31 The time has come to do what economists find so uncomfortable and what I find so useful: the annual balance sheet of predictions

by Gustavo González

Argentina lets tourists tap parallel FX rate to bring in dollars

03-11-2022 12:53 Foreign tourists who use non-Argentine issued credit and debit cards will be charged a more lucrative financial exchange rate known in Spanish as the ‘Dólar MEP’ (Mercado Electrónico de Pagos).

Argentina slaps new taxes on concerts, travel before World Cup

12-10-2022 08:17 Argentina's government is applying new taxes on travel abroad ahead of the World Cup, and on concerts by artists who charge in foreign currency, as it seeks to protect its low reserves and avoid a devaluation.

Poverty remains above pre-pandemic level in early 2022

29-09-2022 02:00 Argentina's poverty rate remained above pre-pandemic levels in the first half of this year as high inflation eroded benefits of country's economic recovery.

Unemployment dropped to 6.9% in second quarter, says INDEC

22-09-2022 18:38 Unemployment fell to 6.9% in the second quarter from 9.6% in the same period last year, according to official data, in large part due to the coronavirus pandemic.

Government creates new foreign exchange rate for soy exporters

05-09-2022 08:29 Argentina's government announces new special exchange rate for the country’s soy producers in a bid to incentivise exports and shore up Central Bank reserves.

Economy Ministry set to introduce ‘tech dollar’ exchange rate for freelancers

26-08-2022 10:24 Portfolio headed by Sergio Massa is moving forward with plans to introduce a "monotributo tech" exchange rate for freelancers in the knowledge economy.

Overnight 20% price jump supercharges inflation crisis

08-07-2022 11:15 Before the peso plunges even further and before retailers can jack up prices further, Argentines are rushing out to buy their essentials as soon as possible. 

Inflation, export duties and IMF: Silvina Batakis’ economic definitions

06-07-2022 23:00 Martín Guzmán’s successor considers that the escalation of prices is a multi-causal phenomenon and defends strong state regulation of the economy. For her, “wages must run ahead of inflation.”

Average Argentine woman now gives birth to less than two children

28-04-2022 16:36 In 2020, Argentina’s fertility rate – i.e. the expected number of offspring for every woman – fell to 1.55, the lowest number in history, even below countries like Sweden or Norway.

by Enrique Garabetyan

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's unemployment rate fell to 8.2% in third quarter

21-12-2021 18:43 Year-on-year unemployment in Argentina fell by 3.5 percentage points in the third quarter of 2021 to 8.2 percent, according to official data.

UCA: 65% of children in Argentina living in poverty

08-12-2021 09:45 According to UCA’s Social Debt Observatory, 43.8% of the country’s population was considered poor as of last October, a drop of almost a point on the previous year’s total of 44.7%.

Argentina says banks must maintain USD position through end November

05-11-2021 02:04 Argentina's Central Bank announced Thursday that the country's financial entities must maintain their foreign currency positions until the end of November, according to an emailed statement.

Argentina's peso weakens past key level in parallel market

22-10-2021 19:01 Argentina’s parallel exchange rate weakened past a key threshold on Friday, as demand for assets in hard currency climbed ahead of the upcoming midterm elections in November.

Argentina imposes new restrictions on parallel exchange rates

11-07-2021 08:31 Government moves to limit operations in the parallel exchange rate known as the blue-chip swap rate.

Global tax floor of 15% would be ‘too low,’ says Guzmán

29-06-2021 08:37 Economy Minister Martín Guzmán says Argentina's position is that a global floor of 15 percent for corporate taxation would be “too low.”