Overview
- Speaking to industrial leaders, Economy Minister Luis Caputo said the currency bands will stay and argued a free float is unworkable given thin FX market depth of roughly $200 million a day, with a recent session near $90 million.
- BCRA vice president Vladimir Werning signaled a progressive removal of corporate currency restrictions over the coming year.
- Market participants expect a short window of external placements to bring an estimated $6–7 billion, as energy firms and provinces issue abroad following the post‑election rally.
- FIEL’s Daniel Artana warned Argentina is about $9 billion below December’s IMF reserve target, and former minister Domingo Cavallo questioned whether the government can defend the band’s ceiling without dollars to intervene.
- Caputo highlighted October inflation of 2.3% as evidence the program is holding, predicted a pickup in activity in the fourth quarter, and said growth could reach up to 10% in 2026 if reforms consolidate.