Tag: Central Bank of Argentina

• Friday, April 19th 2013 - 02:51 UTC

  Argentine international reserves fall below the 40bn dollars benchmark, 8% so far this year

  

  Argentina’s Central bank international reserves have fallen below the 40bn dollars benchmark, which is the lowest in six years, according to the bank’s official data. So far this year the drain has been 3.48bn dollars and 12.84bn from the record 52.6bn of January 2011.

• Saturday, September 15th 2012 - 05:13 UTC

  Argentina’s money supply adjusted for inflation climbed 22.6% in last 12 months

  

  A benchmark measure of Argentina's money supply rose 34.6% on the year in August, according to the central bank. In its monthly monetary report published late Thursday, the Central Bank of Argentina said its M2 measure of money supply averaged 403.93 billion Argentine pesos (86.6 billion dollars) last month.

• Wednesday, July 4th 2012 - 23:21 UTC

  Argentine economy forecasted to enter recession in second half, but could still end 2012 positive

  

  The odds that Argentina's economy will enter a recession in the second half of this year held above 95% for a second consecutive month in the closely followed monthly leading indicator published by Torcuato Di Tella University, UTDT.

• Friday, June 22nd 2012 - 08:40 UTC

  Argentina experiences tighter trade surplus and slower industrial growth in May

  

  Argentina’s trade surplus was 1.5 billion dollars in May, compared to 1.71bn a year earlier according to the official stats office Indec, while industrial production in the same month continued to languish, according to the medium estimate of more than 50 banks, economic research firms and universities surveyed by the Central Bank.

• Friday, November 18th 2011 - 06:11 UTC

  Argentine economic activity expands at steady pace, but signs of cooling

  

  Argentine economic activity grew at a steady pace in October but there are signs that growth will cool in the coming months, local consultants Orlando J. Ferreres & Asociados, OJF, said Thursday.

• Thursday, November 17th 2011 - 07:04 UTC

  Top banker forecasts ‘dollar run’ in Argentina will dissolve: plenty of reserves

  

  The former head of the Argentine Central Bank, Mario Blejer assured on Wednesday that in the exchange market “tension has been created which will only start to dissolve as and when we minimize the analysis of the subject.”

• Wednesday, November 2nd 2011 - 04:20 UTC

  Argentine economy to expand 9% this year, says the Central Bank

  

  Argentina’s central bank estimates that the country’s economy will expand 9% in 2011, above the central government forecast of 8.3%, according to the latest quarterly report released this week.

• Monday, October 31st 2011 - 19:27 UTC

  Argentina drastically limits the purchase of ‘cheap dollars’ fuelled by inflation

  

  Argentine Vice-president elect and Economy Minister Amado Boudou reiterated Monday that the new rules for foreign currency purchase in effect as of today are aimed towards discovering the “origin” of funds as opposed to the “destination” of the money.

• Wednesday, September 21st 2011 - 06:14 UTC

  Argentina to pay sovereign debts in 2012 with 5.7bn from the Central bank

  

  The Argentine government plans to trim its dependence on central bank reserves to pay debt next year after tapping savings to slow depreciation of the Peso, according to its draft 2012 budget.

• Thursday, September 8th 2011 - 05:43 UTC

  Argentine prepared to let the Peso and central bank reserves slide

  

  Argentina's international reserves have been declining for weeks as the central bank tries to stem the peso's slide against the US dollar, but policymakers have signaled that they intend to keep dipping into reserves to prevent an even swifter depreciation.