Argentina
Argentina creates new monetary policy committee
Central bank leaves rates unchanged on high inflation pressures
Book notes: American default, by Sebastian Edwards
Edwards’ book is fascinating, well written and enjoyable, and provides an account of one of the US’s forgotten chapters of history
IMF demands reinforced inflation targeting in Argentina
A new central bank charter should reinforce independence, fund says
Argentina tweaks monetary policy framework
Committee will now meet once a month and publish members’ votes
IMF says independent central bank is key to Argentine recovery
Argentine authorities agree to limit forex market interventions
Argentina launches new measures to stem peso depreciation
Analysts concerned new central bank tools to control peso are not enough
Argentine finance minister becomes central bank governor as crisis deepens
Sturzenegger resigns as Argentine government says it expects IMF aid package soon
Argentina abandons monetary financing to secure IMF support
Inflation targets raised as $50 billion IMF deal requires greater central bank independence
Trigger for emerging market sell-off still playing out, warns Argentine governor
There is a possibility of Argentina being “challenged further”, says Sturzenegger
Time for Central Bank of Argentina independence
Monetary financing has fallen sharply under Mauricio Macri’s administration, but must now end; independence law would help efforts to shatter Argentina’s inflationary shackles
Federico Sturzenegger on Argentina’s efforts to create a credible central bank
The Central Bank of Argentina governor, in his last interview before leaving office, speaks about panic in emerging markets, the IMF bailout, and bringing to an end high inflation and monetary financing
Argentina calls on IMF for help
President Macri calls upon the IMF for financial aid as peso depreciation continues; policymakers hold rates at latest meeting
US ‘normalisation’ should be manageable for emerging economies – Powell
Turkey and Argentina grapple with weaker currencies as US Treasury yields rise
Argentina’s central bank makes further emergency rate hike as currency falls
Bank makes second emergency rate hike in less than 24 hours
Argentina’s governor reflects on reserve management rebuild
After liberalising the exchange rate in 2016, the country adopted new asset-allocation strategies
Latin American markets were hit by 2010 US ‘flash crash’, DNB paper finds
Fall was driven by equities markets’ interdependence, not contagion, researcher argues
CPMI adds three new members
All G20 members and more emerging markets are now represented
FSB: cryptocurrencies too small to be major threat
Limited links to real economy imply crypto assets may avoid regulatory crackdown for now; work continues on consumer protection
The winners of the 2018 Central Banking Awards
Bank of Canada wins Central Bank of the Year, Lesetja Kganyago picks up Governor of the Year and Perng Fai-nan receives Lifetime Achievement Award; 16 more awards unveiled
Combined nowcasts can improve GDP estimates – paper
Paper compares performance of nowcast models in estimating GDP from 2016–2015
Argentina cuts rates, but keeps focus on inflation
Analysts express concerns over the decision, as inflation remains high
Argentina lifts target as inflation persists
IMF recommended keeping tighter monetary stance in latest report in December; Argentina’s move could impact central bank credibility
Lower inflation brings relief for Argentina’s central bank
Central bank leaves interest rates on hold at 28.75%, as year-on-year inflation lowers to 22.5%
Argentina raises interest rates in pursuit of lower inflation
Despite declining core inflation, higher fuel prices could pose a threat to the central bank’s 2018 target; central bank raises rates to 23.75%