Weekly

“Fair Prices” and Inflation: It Sure Works This Time

First week

of February 2023

Last Friday the Ministry of Finance relaunched the program called "Fair Prices" in which prices of some 50,000 products were agreed, including mass consumption items and others such as cell phones. Beyond the fact that the calendar marked the need to renew the program signed last October, the moment coincided with a...

Rates Go Up and Down on a Flimsy Architecture

Fourth week

of January 2023

The government's main concern is clearly the value of the market dollar; the informal, the MEP and BCS. Beyond the monetary illusion that invades society and that makes possible headlines such as "Dollar price hits record", the truth is that the government is uncomfortable with the informal rate approaching 400 peso...

Debt Repurchase With an FX Goal

Third week

of January 2023

The government announced last week that it would buy back USD 1 billion of dollar-denominated sovereign debt, potentially reducing the stock by about 3 billion given prevailing market prices. The measure was "sold" as a yield curve improvement, but that appears to be a questionable objective in the current circumsta...

The Reasons for the Improvement in Argentine Asset Prices

Second week

of January 2023

In recent weeks, Argentine assets have had a spectacular comeback. Country risk fell under 2,000 basis points last week after having touched 2,927 bps in the winter, with several series of Argentine sovereign bonds trading below 20 cents for each dollar. Today those bonds still yield a lot, but they are worth 50% mo...

A Year That Begins With Fears and Hope

First week

of January 2023

A very special year begins, which on the one hand generates hope, and on the other, fears. Hope arises because a new government should bring changes and the possibility of redirecting an economy that has lost its way and that today it only seeks to avoid falling into a precipice. With the current economic policies, ...

There Is No Possible Recovery Without Institutions

Fourth week

of December 2022

At Econviews we will not discuss the constitutionality of the measure that the government took in 2020 and that the Supreme Court has just overruled. It is not our specialty. We’re on the numbers. The decision is very important for the City of Buenos Aires, but it is relatively little money for the national governme...

A Week of Good News, but There Are Important Battles Ahead

Third week

of December 2022

Last week was clearly a week of good news. Yesterday, Argentina beat France by penalties, achieving its third World Cup. In the economy, the government celebrated on Wednesday one of the best auctions in several months where it managed not only to renew maturities but also to raise a good part of the money necessary...

Winter Has Arrived in the Economy

Second week

of December 2022

After economic activity performed somewhat better than expected in the first half of the year, the cold, paradoxically, arrived around spring. And it looks like it will continue into the summer.

The Central Bank Returns to Center Stage

First week

of December 2022

The meager harvest in the last Treasury auctions is complicating the financial program at the end of the year. In November there was not a 100% renewal of maturities and there is also a deficit to finance. There was a financial cushion though. But December's deficit is seasonally the highest of the year by far. Half...

The new soybean exchange rate and the BCS risk

Fourth week

of November 2022

The government announced the second edition of the “soybean exchange rate”. At a preferential ARS 230 parity. This is a shortcut to build up much needed reserves, but it does not solve any of the underlying problems and also has a series of costs that are not negligible.

Weekly Reports

“Fair Prices” and Inflation: It Sure Works This Time

“Fair Prices” and Inflation: It Sure Works This Time

Rates Go Up and Down on a Flimsy Architecture

Rates Go Up and Down on a Flimsy Architecture

Debt Repurchase With an FX Goal

Debt Repurchase With an FX Goal

The Reasons for the Improvement in Argentine Asset Prices

The Reasons for the Improvement in Argentine Asset Prices

A Year That Begins With Fears and Hope

A Year That Begins With Fears and Hope

There Is No Possible Recovery Without Institutions

There Is No Possible Recovery Without Institutions

A Week of Good News, but There Are Important Battles Ahead

A Week of Good News, but There Are Important Battles Ahead

Winter Has Arrived in the Economy

Winter Has Arrived in the Economy

The Central Bank Returns to Center Stage

The Central Bank Returns to Center Stage

The new soybean exchange rate and the BCS risk

The new soybean exchange rate and the BCS risk

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