Tag: Lebac

• Tuesday, August 14th 2018 - 06:50 UTC

  Argentina pledges US$ 500 million on Tuesday to stabilize the forex market

  

  Argentina's peso hit an all-time low on Monday as Latin American currencies sank amid a broader sell-off in emerging markets that have been rattled by the Turkish lira's plunge.

• Tuesday, May 15th 2018 - 06:54 UTC

  Argentina's “L” Day challenge: US$ 25bn in Peso bonds mature on Tuesday

  

  The Argentine Peso plummeted to a new low on Monday despite government attempts to curb losses in recent weeks by hiking interest rates and shedding billions in foreign reserves. The Peso fell sharply on opening Monday and closed down 6.2%, trading at 25.52 against the dollar, having lost close to 33% so far this year.

• Tuesday, May 15th 2018 - 06:43 UTC

  Argentine admits less growth and more inflation, but exports could be boosted with a dearer dollar

  

  High interest rates will have a negative impact on activity, and the weaker peso resulting from a floating exchange rate regime will add to already sky-high inflation, but both are necessary to prevent a deeper crisis, Argentine Treasury Minister Nicolas Dujovne admitted on Monday.

• 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.