Expectation for the price of the blue dollar. Photo: EFE.
News in development
A new trading day opens with expectations in the markets for the meeting that the Minister of Economy, Sergio Massa, will hold with the liaison table looking for soy dollars.
08.12.2022
08:11
Marcelo Bonelli
The secrets of Sergio Massa and the last days of Miguel Pesce?
Miguel Pesce surrounded the ranch. Managing him is in the eye of the storm and they want him to leave now. The head of the BCRA resists. This Thursday he had the pleasure: maxi rate hike to cope with inflation of 7.4%. But his days would be numbered. Cristina treats him in the Senate as an “asshole” and Axel Kicillof accuses him of “squandering” his reserves. They both make their way. Cristina is yelling: “Now she has to go!”
The two speak as if they have no responsibility for the disaster. Cristina’s attacks triggered the skid and Axel’s ideas, mistrust. Sergio Massa looks the other way: “I’m quiet for now”. He said it in front of him close to him. He does not want political trouble with Alberto – Pesce’s only support – but there have already been two strong fights between Massa and Pesce. Read the full note here.
08.12.2022
08:02
Juan Manuel Barca
In line with the Central Bank, Economy raised rates and placed $ 182,000 million in bonds
On a day marked by the Central Bank’s rate hike to contain the acceleration of inflation and devaluation pressures, the Ministry of Economy has turned on the vacuum cleaner of the pesos and placed debts of 182,000 million dollars. The first auction of the Massa era thus made it possible to cover maturities, at the cost of offering a higher return to investors, who mostly opted for short securities of up to three months.
The amount obtained exceeded officials’ expectations and left a positive balance of $ 67,000 million, discounting weekly payments of $ 115,318 million. Commitments were actually higher, but they were reduced by Wednesday’s super bond swap. The deal, which saw significant public sector participation and strong bank coverage, postponed maturities of $ 2 billion to August 2023. Read more here.
Source: Clarin