Global Banking Monitor

Wednesday, May 8, 2024

Stripe employees get to sell $1bn of shares

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Tag: Argentina

Argentina Implements Unconventional Move, Slashing Key Rate to 100% through Policy Tool Swap

Argentina’s central bank changed its benchmark tool for monetary policy Monday, replacing four-week notes with one-day transactions in a bid to lower borrowing costs. The...

IMF and Argentina Close to Agreement, Impact on Peso Anticipated

The International Monetary Fund (IMF) should in the coming days finalize the basis for a staff level agreement with Argentina over a review of...

Argentina Engages in Critical IMF Talks to Address Impending Debt Crisis

Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp...

Argentina Expected to Hold Interest Rate at 97% Amid Lower-than-Expected Inflation, Say Bank Sources

Argentina's central bank held the country's benchmark interest rate unchanged at 97% when its board met on Thursday, after monthly inflation slowed in May...

Argentina Boosts Currency Swap Access with China, Reaching $10 Billion

Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion,...

Argentina Raises Interest Rate to 97% in Battle Against Inflation

The Central Bank of Argentina raised its key interest rate Monday by six percentage points to 97% in an effort to tackle soaring inflation...

Argentina responds to soaring inflation with planned rate hike and additional FX intervention

Argentina's government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more...

IMF Unlocks $5.4 Billion in Funds to Argentina, Bolstering Reserves

The International Monetary Fund (IMF) approved Argentina's fourth review under its $44 billion loan program on Friday, unlocking the disbursement of $5.4 billion to...

Argentina plans to urge state-owned entities to relinquish dollar bonds, says Ministry official

Argentina's government will push state entities to give up their foreign-law sovereign dollar bonds, an economy ministry official said on Tuesday, aiming to reduce...

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