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Entries with Keyword central bank

Following last week’s foreign exchange volatility that took the peso to new lows against the US dollar and cost Federico Sturzenegger his job as head of the Central Bank on Thursday, newly-installed Central Bank President Luis Caputo has moved …

After losing about 6.5 percent of its value yesterday against the dollar – a tumble that seemingly cost Federico Sturzenegger his job as head of the Central Bank – the peso lost more ground today, closing at a fresh low …

As part of the US $50 billion stand-by arrangement struck with the International Monetary Fund (IMF) announced yesterday, Argentina’s economy and key institutions like the Central Bank are set to undergo a series of changes that the government hopes …

Argentina’s Central Bank (BCRA) published yesterday its monthly survey concerning the expectations local and foreign analysts have about the future of the Argentine economy. After last month’s economic turbulence and the consequent depreciation of the peso against the US dollar …

Following two turbulent weeks in the economic landscape, in which the peso lost 8.78 percent of its value and the Central Bank dramatically increased the interest rates to counter the trend, Treasury Minister Nicolás Dujovne went to political TV show …

Following the Central Bank’s announcement regarding its decision to hike interest rates and raise its benchmark to 40 percent, Treasury Minister Nicolás Dujovne held a press conference in which he announced a modification of the primary fiscal deficit target, from …

Update: Before the start of trading today the Central Bank has announced a third interest rate hike in a week, raising the benchmark rate by 675 basis to 40 percent.

Prior to the first hike a week ago, the

Faced with sustained demand for the dollar and downward pressure on the peso, the Central Bank has once again raised benchmark interest rates and sold dollars on the foreign exchange market.

After today’s decision, benchmark rates have been increased by …

An extra-long weekend and an interest rate hike brought in by the Central Bank haven’t cooled interest in the US dollar, which today once again hit a new high against the peso.

At the close of trading today a dollar …

The Central Bank has cut its benchmark interest rate by 0.75 percentage points, less than what the market had anticipated, thus reaching an even 28 percent.

The rate applicable to seven-day loans between banks and the Central Bank had previously …