Tag: Central Bank of Argentina

• Wednesday, March 22nd 2023 - 10:24 UTC

  Massa to announce new measures as Argentine peso sinks against US dollar

  

  With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.

• Monday, January 9th 2023 - 09:51 UTC

  Argentina finalizes currency swap with China

  

  Argentina's Central Bank (BCRA) and the People's Bank of China (PBC) have reactivated a currency swap to help the South American country offset foreign exchange market operations and strengthen reserves.

• Friday, August 12th 2022 - 09:32 UTC

  BCRA raises interest rates to bring down inflation projections

  

  Argentina's Central Bank (BCRA) Thursday decided on a sharp rise in interest rates to calm down inflation projections. The measure was taken before data for July 2022 was released later in the day.

• Friday, May 13th 2022 - 09:55 UTC

  Argentina's inflation for April of 2022 set at 6% – worst YoY data in 30 years

  

  Argentina's National Institute for Statistics and Census (Indec) Thursday announced that inflation for the month of April of 2022 had reached 6% for a total of 58% in the last 12 months, which turned out to be the country's highest figure in 30 years.

• Tuesday, May 10th 2022 - 10:45 UTC

  More inflation in the pipeline for Argentina: estimates of 65,1% for 2022

  

  The weekly survey of market expectations, REM, from the Central Bank anticipates a worsening of the inflation situation in Argentina, which once the April index is officially made public this week could represent 65% for the twelve months of 2022.

• Thursday, April 14th 2022 - 09:52 UTC

  Argentina's Central Bank raises reference rate to cope with inflation

  

  Argentina's Central Bank (BCRA) has adjusted the basic interest rate by 250 basis points to 47% per annum in nominal terms in a move to counter the effects of rampant inflation.

• Tuesday, January 18th 2022 - 09:59 UTC

  Argentine FM in Washington DC seeking support for new IMF deal

  

  Argentine Foreign Minister Santiago Cafiero is on a diplomatic mission to Washington DC where he is to hold meetings with US Secretary of State Anthony Blinken and with House Speaker Nancy Pelosi in a move aimed at gathering some support ahead of new negotiations with the International Monetary Fund (IMF).

• Tuesday, January 4th 2022 - 17:57 UTC

  Foreign trade yield US $ 15 billion to Argentina's Central Bank in 2021

  

  Foreign trade has meant around US $ 15 billion for Argentina's Central Bank (BCRA) in 2021, according to projections reported Monday in Buenos Aires. It became the fifth best surplus so far in the 21st century, despite November's US $ 117 million deficit, the first setback since 2018.

• Saturday, November 27th 2021 - 09:45 UTC

  No installments in Argentine pesos for purchases in foreign currency

  

  Argentina's Central Bank (BCRA) Thursday ruled that international travel tickets and other tourism items purchased through credit cards and whose values are expressed in US dollars or any other foreign currency but converted to Argentine pesos on the date of the operation cannot be split into monthly payments.

• Monday, November 22nd 2021 - 09:58 UTC

  Fears of devaluation loom over Argentina as Central Bank reserves run almost dry

  

  Argentine Economy Minister desperately needs to reach an agreement with the International Monetary Fund (IMF) this week, because the Central Bank (BCRA) has only US $ 800 million left in cash with which to intervene in the local exchange market, which is pressing for a devaluation.