Category: Argentina

Power gained, independence lost Milei’s midterm win gives him the votes to drive reforms but at the cost of deeper US financial dependence. US bailout doubled to USD 40 billion, turning liquidity support into a full geopolitical backstop. Short-term rates spiked above 80 % as the BCRA struggled with liquidity after scrapping LEFIs.… Read the…

In August we closed with a question: “The reforms are intact, but the test now is stamina – can Milei keep markets onside while cushioning the strain on the real economy?” September has given us the answer. Reserves are draining, controls are creeping back and Washington is preparing a bailout. Milei has failed the stamina…

Argentina is tightening again. The BCRA has drained liquidity with new reserve rules, sending short-term rates swinging wildly. Inflation edged higher, but the peso still holds inside its band. IMF cash has landed, BOPREAL bonds are gaining new uses, and the system is under strain—but the reform path remains intact. Monetary Policy The Central Bank…

Rates unleashed, inflation tamed – and Phase 3 quietly begins Monetary Policy The Central Bank has officially let go of the steering wheel. In early July, the Banco Central de la República Argentina (BCRA) scrapped its benchmark interest rate and shifted to a market-determined pricing system. Rates are now floating, guided by liquidity auctions and…

Inflation is falling, reserves are rising and Argentina is entering a new phase of reform. Rates are now market-set, capital controls remain relaxed and a quiet push is underway to lure hidden savings back onshore. If momentum holds, Milei may not just steady the ship – he might actually start to turn it around.… Read…

Stabilisation, liberalisation, and a renewed search for Argentina’s hidden ‘mattress dollars’. Argentina is now entering a new phase of reforms and rebuilding but a quieter campaign is also underway: coaxing billions in undeclared cash back into the formal economy. This could be transformative. Monetary Policy The Central Bank cut rates again in April - this…

Argentina is turning the page. Currency controls are out, the peso is floating and inflation is finally easing. The central bank has started cutting rates, IMF cash is flowing and reserves are building. Overseas card use is back, though capital controls on businesses remain – for now. Early moves toward digital finance hint at deeper…