Monthly

The landslide victory of the Fernandez ticket in the primaries has been an unexpected result that shook financial markets and introduced a high level of uncertainty regarding the evolution of economic and financial variables during the transition to December 10th, when the inauguration of the new president takes pla...

May was a positive month regarding the FX front after the CB announced on April 29th that is allowed to intervene in the FX market discretionally and the Peso reacted positively: it fluctuated around 45.00 ARS/USD since then, even when other emerging-market currencies were depreciating. So far, the monetary entity d...

At the beginning of April, FX instability returned and the Peso weakened to almost 44.00. The Central Bank used dollar futures and increased the interest rate to 68.4% in order to contain the depreciation. FX proceeds from the harvest and Treasury's FX daily auctions for USD 60 million helped to stabilize the curren...

The beginning of the year is being better than expected for the Argentine economy: the exchange rate stands close to the lower bound of the intervention band and volatility remains at low levels, the Central Bank has already bought US$ 978 million and also managed to reduce the LELIQs interest rate by 1,500 bps, whi...