Argentina s Market Honeymoon Fades As Peso Pressure Builds bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Central Bank’s fight against inflation is upending the local bond market and squeezing government finances as Argentina struggles to regain traction while the pandemic rages on.
Money Printer Goes Quiet and Argentine Government Gets Squeezed
Bloomberg 8 hrs ago Ignacio Olivera Doll
(Bloomberg) The Argentine central bank’s fight against inflation is upending the local bond market and squeezing government finances as the country struggles to regain traction while the pandemic rages on.
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Long known as some of the world’s most prolific money printers, Argentine policy makers are cutting back on the largesse in an effort to curb inflation running at more than 40% a year. While the move toward orthodoxy has often been urged by economists, the timing is difficult. Slower expansion of the money supply over the past six months has cut liquidity and sapped demand for debt, pushing up interest rates and making it harder for the government to fund itself given its lack of access to overseas markets.
Analistas advierten que la paz cambiaria luce frágil y esperan mayores señales fiscales cronista.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cronista.com Daily Mail and Mail on Sunday newspapers.