Inflation in Argentina increased to 2.2% in October, as reported by the national statistics agency INDEC on Thursday. The figure indicates a second consecutive monthly increase, succeeding a reading of 1.9% in September. For the first time in three months, monthly inflation has surpassed the 2% threshold. The October reading was also the highest since … Read more
Argentine government bonds are beginning to reflect the likelihood of a political shift in 2027, even if the elections that will decide President Javier Milei’s reelection are not until 2028. According to a report Morgan Stanley sent to its clients – Argentine bonds “now price a 41-52% probability of a bear case outcome after the … Read more
The labour reform initiative advocated by President Javier Milei’s administration was framed as a mechanism to stimulate the hiring of registered employees. However, preliminary data following the bill’s approval and enactment indicates a decrease in formal employment, an increase in informal jobs, and the shutdown of additional private enterprises. Deregulation & State Transformation Minister Federico … Read more
The sell-off in Argentina’s debt, in light of a significant shift in expectations ahead of the upcoming presidential election next year, has been deemed excessive by Morgan Stanley. The country’s sovereign bonds currently imply a probability range of 41 percent to 52 percent for the bank’s bear-case scenario, an increase from the previous range of … Read more
Pope Leo XIV presided over a Mass attended by two-and-a-half million individuals in Argentina on Monday. Subsequently, he called for the safeguarding of society’s most vulnerable members during his meetings with disabled individuals and victims of clerical abuse. The Mass in the Palermo neighbourhood of Buenos Aires attracted the largest congregation of Leo’s papacy thus … Read more
President Javier Milei stated on Sunday his openness to engage in dialogue with various sectors of the country. However, he contended that the political debate in Argentina lacked intellectual honesty, responding to a critique from Pope Leo XIV during the significant papal visit. Milei, 56, contended that the opposition had supported 40 government bills last … Read more
In the midst of increased volatility in both the international and domestic markets, Sam Hewson, Head of Foreign Exchange Sales at Citibank, returned to Argentina after an eight-year absence. The former was influenced by factors such as the AI boom, the U.S. elections, and the war in the Middle East, while the latter was more … Read more
Argentine financial markets experienced a significant downturn on Thursday, as dollar bonds topped the list of emerging-market losses, while overnight repo rates escalated sharply due to increasing concerns regarding the government’s fiscal situation. The sell-off, which has been building for days, gained fresh steam as analysts pointed to signs the government was purchasing peso bonds … Read more
Upon waking in Buenos Aires on Tuesday, November 3, Pablo Casas quickly learned of his month-long suspension from work. For a period exceeding two years, he was employed in the Observability department at IT systems firm ITTI, which rendered support to the Grupo Vázquez holding company, with a primary focus on Ueno Bank. In recent … Read more
President Javier Milei enjoys provoking audiences both in Argentina and internationally with his assertion, “taxes are robbery and I’m saying that as the head of state.” Yet the libertarian tax authorities exerted such pressure on numerous small businesses to fulfilll their obligations that it culminated in a political issue. Aggressive enforcement tactics have incited frustration … Read more
