Overview
- Following accounts from a private JPMorgan meeting in New York, the government’s economic team told Clarín that reports of lifting the band adjustment to 1.5% and unveiling a 30‑day plan are false.
- The official regime continues to shift the floor and ceiling by 1% each month, a pace below roughly 2% monthly inflation that has fueled expectations of peso appreciation inside the band.
- Investor attendees told Bloomberg that Luis Caputo said President Javier Milei intends to keep the peso within the established bands rather than allow a float.
- Those same accounts said Caputo discussed potential debt buybacks of GD29 and GD30 using cheaper financing and a forthcoming plan covering reserve accumulation and an education bond, none of which has been officially confirmed.
- Analysts highlight the need to rebuild international reserves—estimated at more than US$8 billion to meet IMF goals—as markets await clearer guidance on any policy tweaks and reserve purchases.