Free Trial

Candidate Larreta Lays Out Plan To Aide Peso

ARGENTINA
  • Presidential candidate Horacio Rodriguez Larreta intends to reduce spending by 4% of GDP as part of a plan that would help ease the decline of the domestic currency, according to his top economic adviser.
  • If put in place, the plan would allow the peso to weaken gradually to a level between the current official and parallel rates, former Economy Minister Hernan Lacunza said during a speech to corporate executives earlier this week.
  • For reference, Larreta will face off against Patricia Bullrich for the opposition coalition’s nomination in an Aug. 13 primary vote.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.