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ARGENTINA: Milei Reiterates Plans To Eliminate FX, Capital Controls This Year

ARGENTINA
  • Speaking in a TV interview with La Nacion+ yesterday, President Milei reiterated that his government would eliminate currency and capital controls by January 1, 2026, according to Bloomberg. Milei also said he that could accelerate the unwinding of controls depending on the size of a new programme being negotiated with the IMF. Last week, IMF officials completed their latest mission to the country, saying afterwards that the talks were highly constructive and positive.
  • No macro data are due today, with attention ahead remaining on the central bank’s latest analysts survey on Thursday, including GDP and CPI forecasts, and December industrial production and construction activity figures on Friday. January CPI data cross next week. Yesterday, tax revenues rose to ARS 15.032tn in January, from ARS13.015t in December, up 95% y/y.
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  • Speaking in a TV interview with La Nacion+ yesterday, President Milei reiterated that his government would eliminate currency and capital controls by January 1, 2026, according to Bloomberg. Milei also said he that could accelerate the unwinding of controls depending on the size of a new programme being negotiated with the IMF. Last week, IMF officials completed their latest mission to the country, saying afterwards that the talks were highly constructive and positive.
  • No macro data are due today, with attention ahead remaining on the central bank’s latest analysts survey on Thursday, including GDP and CPI forecasts, and December industrial production and construction activity figures on Friday. January CPI data cross next week. Yesterday, tax revenues rose to ARS 15.032tn in January, from ARS13.015t in December, up 95% y/y.