Tag: Argentina Central Bank

• Wednesday, November 8th 2017 - 12:23 UTC

  Argentina central bank raises basic rate to 28,75% to contain inflation expectations

  

  Argentina's central bank raised its policy rate to 28.75% on Tuesday, up from 27.25% previously, as inflation expectations rise, the monetary authority said in a statement. It was the bank's second consecutive hike after a long period of holding the rate steady.

• Wednesday, July 19th 2017 - 10:57 UTC

  Argentina's central bank hikes interest rates to combat high inflation

  

  Argentina's central bank hiked interest rates on its short-term securities on Tuesday in its monthly auction, the second such increase in the past three months as it seeks to soak up pesos and rein in stubbornly high inflation.

• Monday, December 28th 2015 - 08:38 UTC

  Argentine central bank building reserves: much depends on farmers and bankers

  

  This short week and the month of January will test if the Argentine administration of president Mauricio Macri can continue to build up Central Bank reserves following on the decision to end the dollar clamp, let the foreign exchange float, together with the prospect of loans and hoarded grain sales.

• Saturday, November 14th 2015 - 11:52 UTC

  Argentina needs confidence and positive expectations to attract investment and develop

  

  Any country, any economy needs confidence and positive expectations, and that is what is lacking, and has been lacking in Argentina for many years, said Jorge Brito, head of the Association of Argentine banks, who nevertheless warned about the impacts of a 'rough' adjustment on the economy.

• Friday, October 31st 2014 - 08:08 UTC

  Chinese relief for Argentina: central banks activate currency-swap

  

  The central banks of Argentina and China on Thursday activated a bilateral currency-swap agreement, which meant that the Argentine central bank received an initial tranche of Yuan equivalent to 814 million dollars.

• Monday, October 20th 2014 - 07:08 UTC

  Argentine Central bank chief downplays any chance of devaluation of the Peso

  

  Argentina's newly-appointed Central Bank (BCRA) governor Alejandro Vanoli claimed a “devaluation attempt” by 'concentrated powers' and rejected any official plans to downward the value of the country’s currency. He pledged to discourage speculation and to “put an end to abuses from financial institutions.”

• Tuesday, October 7th 2014 - 05:46 UTC

  “Blue” dollar in Argentina further plummets as market waits for new rules

  

  The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.

• Friday, October 3rd 2014 - 07:17 UTC

  Buenos Aires stock market plunges 7.2%, and the US dollar recedes slightly

  

  The day after Argentina's central bank governor Juan Carlos Fabrega stepped down, investors expressed their pessimism as Buenos Aires City stock market, Merval, which plunged 7.2% to 10,703.32 points on Thursday.

• Friday, October 3rd 2014 - 06:20 UTC

  The Argentine economy: “Thumbs down” writes The Economist

  

  Those baffled by the Argentine economy could do worse than listen to Puff Daddy. Ask what ails the country and the answer will echo the rapper’s ode to the 100-dollar bill, “It’s all about the Benjamins”.

• Thursday, September 11th 2014 - 04:30 UTC

  Despite all the negative economic data, Argentina's stock market has almost doubled this year

  

  Despite all the negative news on government restrictions imposed on the Argentine economy and the shortage of hard currency, the country's Merval Index has skyrocketed almost 100% this year, the highest of any stock market in the world. It includes many of the largest companies in the country such as Telecom Argentina and Energy Petrobras, along with banks and a steel maker.