As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
Return to 2020 (without Covid)
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Return to 2020 (without Covid)
Fourth week
June 2022
Bonds in pesos continue to be under pressure, and each time the rollovers are for shorter terms. Prices fell sharply again last week. This brings back memories of the super-Tuesdays of Lebac auctions in which we wondered if the Central Bank was going to be able to renew everything that was due and what the cut-off rate would be.