MNI BRIEF: US GDP Growth Slowed More Than Expected In 4Q

MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 2.75%

MNI: GERMANY Q4 FLASH GDP -0.2% Q/Q, -0.2%Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: Fed Statement Comparison - January vs. December

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

US EIA:NAT GAS STORAGE -321 BCF TO 2,571 BCF JAN 24 WK

MNI: US NAR DEC PENDING HOME SALES INDEX 74.2 V 78.5 IN NOV

MNI: US Q4 GDP +2.3%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ARGENTINA: Deregulation Minister Sturzenegger Pledges Deeper Cuts In 2025

ARGENTINA
BulletEM BulletEmerging Market News
  • Deregulation Minster Federico Sturzenegger has said that even deeper cuts are planned this year, as the government remains committed to its fiscal balance objective, to be achieved through a reduction in spending. In an interview with Reuters, discussing the cutbacks to the state, Sturzenegger said that "we're entering now what is called deep chainsaw, or chainsaw 2.0."
  • Sturzenegger said the deregulation push would target sectors where local prices were artificially high due to a lack of competition. The government has said that it would reduce taxes on car imports and sales, and Sturzenegger said that they will look to cut regulation for electric cars and charging stations soon, potentially this week.
  • Sturzenegger’s remarks come as the IMF completed its mission to the country in recent days, amid ongoing discussions around a potential new loan programme. Speaking to local media afterwards, IMF officials said that the talks were highly constructive and positive. BofA analysts have said that an IMF programme is not fully priced, given uncertainty over the deal’s timing and amount of upfront financing. They see scope for a $20bn EFF, including $5-10bn paid upfront, according to Bloomberg.
186 words

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.
  • Deregulation Minster Federico Sturzenegger has said that even deeper cuts are planned this year, as the government remains committed to its fiscal balance objective, to be achieved through a reduction in spending. In an interview with Reuters, discussing the cutbacks to the state, Sturzenegger said that "we're entering now what is called deep chainsaw, or chainsaw 2.0."
  • Sturzenegger said the deregulation push would target sectors where local prices were artificially high due to a lack of competition. The government has said that it would reduce taxes on car imports and sales, and Sturzenegger said that they will look to cut regulation for electric cars and charging stations soon, potentially this week.
  • Sturzenegger’s remarks come as the IMF completed its mission to the country in recent days, amid ongoing discussions around a potential new loan programme. Speaking to local media afterwards, IMF officials said that the talks were highly constructive and positive. BofA analysts have said that an IMF programme is not fully priced, given uncertainty over the deal’s timing and amount of upfront financing. They see scope for a $20bn EFF, including $5-10bn paid upfront, according to Bloomberg.