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1h ago

Argentina Central Bank Buys $187 Million as Official Peso Moves Further From Band Ceiling

A new inflation‑linked exchange‑rate band empowers outsized dollar purchases to rebuild reserves.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Dec. 3, 2018. Stocks climbed after the U.S. and China declared a truce in their trade war, while Treasuries and the dollar fell. Oil surged on optimism producers will cut output. Photographer: Michael Nagle/Bloomberg nueva york eeuu bolsa de comercio de nueva york wall street jornada economica operadores economia suba de las acciones
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Revisa cuál es el precio oficial del dólar en México para este jueves 15 de enero de 2026, con el tipo de cambio a pesos mexicanos. (Foto: Imagen creada por El Comercio MAG utilizando la IA de Gemini)
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Overview

  • The BCRA logged its largest daily buy of January on Jan. 14, taking year‑to‑date acquisitions to about $515 million across consecutive sessions.
  • Gross reserves reached $44.717 billion, with only a $37 million increase after roughly $100 million was used to service multilateral debt.
  • In a thin spot market near $269 million, the central bank absorbed around 70% of supply via block-style operations, far above its informal 5% guideline.
  • The Banco Nación rate closed at 1,480 pesos and the wholesale reference near 1,453, leaving the official dollar about 6% below the band’s ceiling.
  • Local assets fell despite FX calm, with bonds and equities down and the JP Morgan risk gauge near 586 after touching about 591, as the Treasury rolled peso debt by accepting a 49.16% annual yield on a short LECAP.