The International Monetary Fund has expressed approval of the Argentine government’s proposed reform of the Central Bank, which is intended to enhance its independence, according to the institution’s spokeswoman, Julie Kozack, on Thursday. The reform of the Central Bank’s charter is an integral component of the extensive financial reform agenda recently introduced by President Javier … Read more
Private economists, economists, and financial institutions anticipate that Argentina’s monthly inflation rate will decline to below two percent starting in August, marking the first occurrence of this trend in several months. According to the Central Bank’s latest poll of leading firms and experts, Argentina is projected to experience an annual inflation rate of approximately 30 … Read more
In May, delinquency rates among Argentine households increased for the 19th consecutive month, approaching 13% of total household credit. At non-financial institutions such as fintech companies and digital wallets, that figure surpasses 32% — a record high in both instances. The data originates from a report utilising official statistics provided by consulting firm 1816, which … Read more
Argentina’s economy contracted in April following a brief recovery in the preceding month, highlighting a pattern of inconsistent growth as President Javier Milei’s term progresses beyond the halfway mark. Economic activity declined by 1.5 percent from March, falling short of the one percent decrease projected by economists, as reported by government data released on Monday. … Read more
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
A wave of dollars flowing into Argentina is providing President Javier Milei with the opportunity to allow the peso to trade more freely, as the Central Bank’s previously depleted foreign reserves have reached their highest level since 2019. Despite Milei’s affinity for free markets, he has maintained strict control over the currency since assuming office, … Read more
Argentina’s Central Bank confirmed on Monday that it disbursed US$17.7 million in interest following the activation of its swap line with the United States, a move made in anticipation of the legislative elections scheduled for October 2025. Officials indicated their intention to extend the swap line with China, while simultaneously dismissing the prospect of any … Read more
A significant increase in household delinquencies is unsettling Argentina’s banking and fintech sectors, posing yet another obstacle to President Javier Milei’s bold economic reform agenda. The proportion of households unable to meet their debt obligations surged to a 15-year peak of 11.5 percent of total loans in March, up from 2.6 percent at the close … Read more