Argentina
Argentina’s central bank attempts monetary balancing act
Central bank tries to increase government access to pesos while raising repo rate
Argentine peso falls after central bank changes regime
Spread with unofficial exchange rate widens further
Argentina allows peso to fall faster
Central bank increases repo rate as currency falls and inflation rises, despite severe GDP contraction
Argentina requests new IMF programme
Government and central bank say economic stabilisation is not possible without recovery
Foreign financing can help exporters survive – BIS paper
Result could be important for the development of emerging economies, authors say
Argentina strikes deal to restructure $65bn debt
Next step could be a return to programme negotiations with the IMF
Fears rise over breakdown in Basel and IFRS standards
Bretton Woods institutions worried about growing divergence in capital and accounting standards as credit impairment tsunami looms; US and many emerging economies skirting the rules
IMF staff: Argentina’s debt restructuring plan could restore sustainability
Staff give positive assessment but say there are major risks
Colombia reduces rates as economy faces sharp recession
Central bank reduces rate by 50 basis points to 3.25%, GDP expected to fall by 10% in Q2
Argentina’s central bank takes part in blockchain clearing pilot
Test system will use smart contracts with timestamping from the bitcoin blockchain
The Belt and Road Initiative 2020 Survey – A more sustainable road to growth?
The third annual Belt and Road Initiative (BRI) survey reveals that central banks view BRI investment as sustainable compared with other forms of external debt, particularly given it is often proportionally less significant. Despite growing global trade…
El-Erian on Covid-19 policy risks, ‘zombie’ markets and central bank capture
Former Pimco chief says Fed move into high yield is a step too far, new rules needed on leverage and false liquidity, and narrow window emerges for central banks to shed some of their policy load
IMF staff say Argentina’s debt is unsustainable
Report calls for haircut for private creditors as Argentine government demands IMF debt forgiveness
IMF delays Argentina forecasts due to uncertainty
Current forecast shows economy contracting by 1.3% in 2021 and inflation falling to 17%
Argentinian central bank willing to finance external debt
Institution commits to maintain positive real interest rates in order to foster price stability
People: New deputies named; UK FCA picks interim chief
Argentina and Pakistan appoint deputy governors; Christopher Woolard to serve as FCA chief
Argentina reduces key rate floor again
New governor thinks ultra-tight financial conditions failed to tackle high inflation
Argentina lowers key rate floor
New governor aims to abandon ultra-tight financial conditions
Argentina woes deplete Uruguay’s reserves – IMF
Reserves drop from $15.6 billion to $14.3 billion in 12 months as dollar deposits also begin to rise
Argentinian president appoints new governor
Miguel Angel Pesce rejects high interest rates as means of reducing inflation and backs price controls
Argentine governor resigns before new president takes over
Guido Sandleris calls for economic consensus and central bank independence to tackle high inflation
Argentina’s currency controls help stabilise peso and reserves
Uncertainty about the fiscal policies of the incoming president is contributing to falling bond prices
The challenges facing Christine Lagarde
The new ECB president will need to focus on a successful review of the ECB’s monetary and communications policy, while encouraging fiscal stimulus and structural reform
Argentine central bank restricts crypto asset purchases
Central bank continues with measures to resist peso’s decline by curbing digital assets