Lavagna asked "to change the speculative logic by the productive logic" The deputy of the Renovating Front, Marco Lavagna considered that the Central Bank "has the Tools " for " control " the run against the dollar in recent days, which brought the price of the US currency above $ …
Read More »"Rates of 40% are not sustainable, the Central Bank acted like a fireman to put out the fire"
For Spotorno, "the reaction of the Central Bank was correct and forceful." The economist Fausto Spotorno affirmed that the interest rates at 40% which determined the Central Bank to contain the rise of the dollar, "are not sustainable" in time but noted that "are intended to put out the fire …
Read More »"We had to allay fears, the most important thing is to avoid a crisis"
The Minister of Finance, Nicolás Dujovne remarked that "we had to face the fears and placate them" because "avoiding a crisis is the most important thing" , justifying the measures taken by the Government, which included raising it to 40% of the main interest rate, to stop the escalation in …
Read More »Biodiesel producers come out to clarify that they are not responsible for the rise of biofuel
The Chamber of Regional SME Biofuels Companies released a statement on Friday that went out to clarify that they are not responsible for the rise of biodiesel, after the publication of a new price for the domestic market and the impact on the price of the Gasoil in dispenser. "The …
Read More »Enargas prohibits distributors from incorporating taxes and fees into invoices
The National Gas Regulatory Entity resolved to avoid an increase in the final price of consumption The National Regulatory Entity of the Gas (Enargas) banned distribution companies from today on taxes and local taxes on invoices, to avoid an increase in the final price of consumption. This was established by …
Read More »The UIA warned that the sharp rise in rates will affect economic activity
The president of the Unión Industrial Argentina (UIA), Miguel Acevedo criticized on Friday the rate hike set by the Central Bank to consider which will affect the economic activity although it awarded a transitory character to the measure. "Of course this will affect, but we believe that the rates can …
Read More »The negotiation of deferred checks increased by 692% in April
With a total of $ 608 million negotiated last month reached an increase of 39% compared to March. So far in 2018, the operation in the Argentine Securities Market accumulates $ 1,593 million. The negotiation of deferred payment checks of the direct segment of the Argentine Securities Market (MAV) reached …
Read More »Moody's warns of "greater risk perception" for Argentine assets
After the abrupt rise of the dollar that was put down this Friday with a battery of measures, Moody's warned that there is a "greater perception of risk" for Argentine assets. In this context, the risk rating agency anticipated that the exchange volatility registered in recent days could be constructed …
Read More »Mass consumption fell 1% year-on-year in the first quarter
Mass consumption fell 1% year-on-year in the first quarter of 2018 and only the category of dry food and beverages remained, according to the latest report from the consultancy Kantar Worldpanel. In terms of social strata -levels socioeconomic-, there was a fall in the high and medium levels of 2%, …
Read More »After a day of green fury, analysts of the city celebrated economic announcements
The day after the abrupt rise of the dollar that marked a new record, the calm for the greenback came to the city . The Central Bank rose early in the market before the opening and raised the benchmark rate while limiting the holding of dollars to banks. Likewise, Finance …
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