Tag: Central Bank of Argentina

Tuesday, September 11th 2018 - 09:12 UTC
Argentine equities and Peso lose ground on Monday: IMF and budget concerns

Argentine equities and the peso both lost ground on Monday as analysts said intervention in the foreign exchange market by the nation's central bank may prove less successful than originally hoped.
Friday, August 24th 2018 - 08:50 UTC
Argentina’s economy contracts in June for the third month running

Argentina’s economy contracted 6.7% in June compared with the same month last year, and 1.3% compared with May, government statistics agency Indec said on Thursday. June was the third consecutive month of decline following 5.2% in May and 0.6% in April.
Thursday, June 14th 2018 - 22:14 UTC
IMF's Lagarde welcomes Argentina government’s economic policy plans

Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.
Saturday, May 5th 2018 - 07:24 UTC
Argentina hikes benchmark rate to 40%, easing pressure on the Peso but not on inflation

Argentina's Central Bank on Friday hiked its benchmark interest rate to 40% to support the peso, the third such hike in just over a week and one day after the currency plunged in value. Following the decision, the peso -- which has lost more than 10% of its value in the past month -- opened 6% higher against the dollar.
Thursday, April 12th 2018 - 08:59 UTC
Argentina central bank keeps benchmark interest rate at 27.75%

Argentina’s central bank held its benchmark interest rate at 27.25% this week, the monetary authority said in a statement, noting that high-frequency indicators suggested core inflation would remain high in April, but below March’s levels.
Wednesday, January 10th 2018 - 09:52 UTC
Argentine central bank cuts basic rate to 28%; annual inflation target 15%

Argentina’s central bank cut its policy rate to 28% from 28.75%, two weeks after relaxing its 2018 inflation target, the bank said on Tuesday. The bank’s first rate cut in 14 months came after a December 28 news conference announcing an official inflation target for this year of 15%, up from the bank’s previous target range of 8% to 12%.
Saturday, August 12th 2017 - 11:08 UTC
Argentina' final sprint to the midterm elections; the primary cost the central bank US$ 1.8bn

With trading much more relaxed on Friday ended the several days of money market uncertainty leading to Argentina Sunday´s primary election, an anticipation of what can happen in the midterm elections of 22 October when President Mauricio Macri's economic reforms will be put to test in the polls, and hopefully his coalition will increase its congressional support.
Tuesday, August 1st 2017 - 07:06 UTC
Argentine Peso rises against the US dollar as Central Bank shows its muscle

Argentina's Peso rose against the dollar on Monday for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the currency's rapid decline to historic lows, when it reached 18 Pesos.
Monday, May 16th 2016 - 07:25 UTC
Argentina's economy grows 0.8% during first quarter says Central bank

Argentina's economy grew 0.8% on the first quarter of the year compared to the same period last year, Central Bank Governor Federico Sturzenegger said, declaring that since President Mauricio Macri took office employment has remained “stable.”
Monday, December 28th 2015 - 07:31 UTC
Argentina issues US$ 5bn in bonds to pay importers; some restrictions persist

The Argentine government will issue bonds worth US$5 billion to be auctioned this week to pay back debt from imports during the previous Cristina Fernandez administration, according to a resolution published by the current government.