Tag: Federico Sturzenegger

• Tuesday, September 17th 2024 - 10:55 UTC

  Sturzenegger underlines new conditions for Aerolíneas Argentinas strikes

  

  Argentine Deregulation Minister Federico Sturzenegger recalled that, as per President Javier Milei's Decree 831/24, the aviation industry had become a basic service and therefore the right to unrestricted strikes grounding all flights would no longer be possible. Sturzenegger made those remarks through his X account after last week's labor measure affecting over 37,000 travelers nationwide when Aerolíneas Argentinas pilots and crewmembers demanded wage updates to keep up with the country's rampant inflation.

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• Friday, July 5th 2024 - 10:33 UTC

  Milei creates Ministry of Deregulation and Transformation of the State

  

  The Government of Argentina announced Thursday the creation of a Ministry of Deregulation and Transformation of the State to be headed by Economist and former Central Bank (BCRA) President Federico Sturzenegger, who will be sworn in Friday.

• Wednesday, June 19th 2024 - 20:14 UTC

  Argentina: Milei reckons June's inflation to rebound

  

  Argentine President Javier Milei admitted that his country's process of curbing inflation would be making “a pause” from the 4.2% the National Institute of Statistics and Census (Indec) announced for May this year. In addition to a rebound in the decline, there will be no zero deficit, the Libertarian leader also admitted.

• Tuesday, October 1st 2019 - 09:55 UTC

  Argentina's recurring nightmare

  

  By Andrés Bello (*) - Argentine President Mauricio Macri seems almost certain to lose his country’s presidential election next month, after committing the same kinds of economic policy mistakes that so many of his Peronist predecessors made. It is a tragic and catastrophically disappointing denouement.

• Friday, June 15th 2018 - 06:56 UTC

  Forex run in Argentina: Macri appoints new Central bank president

  

  Argentine president Mauricio Macri appointed Finance Minister Luis Caputo as president of the central bank on Thursday, after the outgoing head of the bank resigned and acknowledged having lost credibility.

• Thursday, May 24th 2018 - 08:44 UTC

  Dollar/Peso challenge: Argentina offers to swap one-month Lebacs for long term papers

  

  Argentina’s central bank moved on Wednesday to improve its debt profile by offering to swap some of its one-month Lebac securities for paper of longer duration, the bank said in a statement.

• Tuesday, April 24th 2018 - 07:22 UTC

  IMF forecasts Argentina will grow 2% this year because of the drought and fiscal shortcomings

  

  The International Monetary Fund’s (IMF) World Economic Outlook update for April 2018 has reduced its expectations of growth for Argentina this year, and its projected annual inflation rate largely exceeds the 15% goal set by president Mauricio the Macri administration in December 2017.

• Tuesday, April 17th 2018 - 08:14 UTC

  Argentina's inflation hard to beat: “inflation has to fall a lot in May”

  

  Argentina’s central bank would raise interest rates if inflation does not fall “a lot” beginning in May to a level consistent with its 2018 target for a 15% rise in consumer prices, central bank Governor Federico Sturzenegger said on Monday.

• Thursday, March 8th 2018 - 09:35 UTC

  Argentine central bank anticipates volatility in the money exchange market

  

  Argentines will have to get used to the volatility of the money exchange rate, advised Central Bank president Federico Sturzenegger on Wednesday when the US dollar (a sacred reference for Argentines) reached a new historic high above the 20 Pesos. (Actually 20,69 for retail sales and 20,69 for wholesale operations at the end of trading).

• Friday, December 29th 2017 - 09:32 UTC

  Argentina increases inflation targets for 2018/19, closer to private estimates

  

  Argentina changed its inflation target for 2018 to 15%, up from the central bank’s previous goal of 8-12%, Treasury Minister Nicolas Dujovne said on Thursday, raising expectations for interest rate cuts. The government will postpone by one year its goal of lowering inflation to 5%, pushing it back to 2020, Dujovne said.