May inflation in Argentina was recorded at 2.1%, according to a report released Thursday by the statistics agency INDEC. The figure indicates a slight decline compared to April’s 2.6%, marking the first occurrence in a year where the inflation rate has shown a deceleration for two consecutive months. It is also the lowest figure in … Read more
The Central Bank of Argentina (BCRA, for its Spanish acronym) achieved its 2026 dollar-buying target with the International Monetary Fund in merely six months, driven by robust performance in the agriculture and energy sectors. As of the end of last week, the BCRA had acquired US$10.1 billion in 2026, exceeding the US$10 billion full-year target … Read more
Less than halfway through the year, Argentina’s Central Bank has exceeded its US$10-billion target for dollar purchases, driven by a record crop harvest, an energy boom, and a significant increase in debt issuance by provinces and local companies. The monetary authority acquired US$43 million on Wednesday, as per official figures, surpassing the purchasing target established … Read more
Following the unprecedented reading in March, private analysts anticipate a contraction this month, driven by declining industrial output, subdued consumption, and a sluggish soybean harvest that is expected to hinder overall activity. Even as Javier Milei’s government emphasised March’s significant increase in economic activity — an all-time high — most private indicators concur that the … Read more
Argentine provinces are accessing global bond markets at the quickest rate in almost ten years, while the federal government remains focused on short-term debt in the domestic market due to investor concerns regarding the upcoming 2027 elections. Chubut, Cordoba, and other provinces, together with Buenos Aires City, have collectively issued bonds amounting to US$2.3 billion … Read more
The International Monetary Fund has expressed support for Javier Milei’s economic strategy while also challenging the government’s claims regarding the fiscal surplus. The IMF has emphasised the need for tax reform and a more accelerated approach to reserve accumulation in anticipation of the upcoming presidential elections next year. The IMF’s Executive Board concluded the second … Read more
President Javier Milei announced a forthcoming reduction in export duties on wheat and barley, effective next month, and on soy, commencing in January, during a speech to rural business leaders in Buenos Aires on Thursday. The measure represents yet another gesture from the La Libertad Avanza leader towards the influential agricultural sector, which constituted over … Read more
Cold temperatures, the conflict in the Middle East, and an unsuccessful liquefied natural gas tender pose significant risks to Argentine industries, potentially increasing costs and leaving them without natural gas as winter draws near. The situation arises from local legislation that prioritises households and small businesses over industrial users in the event of a gas … Read more
In April, inflation in Argentina decreased to 2.6%, as reported by the statistics agency INDEC on Thursday. The figure indicated a decrease relative to March’s 3.4%, signifying the inaugural instance in eleven months where the inflation rate has decelerated. The current figure represents the lowest level observed in the past five months, exceeded solely by … Read more
In pursuit of its objective to uphold the fiscal surplus, Javier Milei’s administration is set to introduce a substantial rise in fares for nationally regulated trains and buses beginning in May, with total increases reaching as high as 90% in the ensuing months. Government officials articulated their objective to transition towards a “more organized, efficient, … Read more