Overview

• Economic policy chief José Luis Daza said Argentina has yet to regain voluntary access to international debt markets and is covering maturities with government savings.
• Daza attributed investor reluctance to the failed stabilization program under Mauricio Macri, noting lasting reputational damage from past policies and defaults.
• He warned that recent congressional shocks, including pension increases and vetoes of deregulation, unsettled markets and prompted a stricter Central Bank stance.
• Daza said the Central Bank is tightening policy as the exchange rate nears the band ceiling under an IMF-agreed approach to contain volatility.
• Former central bank head Martín Redrado urged a predictable exchange-rate framework, full corporate access to foreign exchange, and reserve accumulation, while pointing to tentative image gains and interest from multilateral lenders.