Early frosts could further complicate soybean and corn seasons
Economics
AR$294 billion matured yesterday, and the private rollover is calculated to be somewhere around 85%.
Most of the debt that matures this week is held by the private sector
Argentina’s central bank is set to hold its benchmark interest nominal rate steady this week despite inflation gaining pace once more.
Consumer prices in Argentina rose by 6% in January, according to government statistics and census institute, INDEC.
Monthly contraction of 0.8% forecast based on January tax collection data
Economy Minister to announce repo credit of around US$1 billion as sovereign fund negotiations continue
The projections from analysts ranged from a minimum January rise of 5.2% to a maximum of 6.5%, driven mainly by utilities costs.
The local grain futures market is already assuming that the government will launch a renewed soy dollar in July, or another mechanism to speed up the entry of fresh dollars. It comes as drought continues to reduce soy harvest forecasts, with the liquidation of foreign currency for the …