Argentina's Central Bank Sees Peso at Equilibrium
- Peso has strengthened 4 percent this week after August rout
- A revised deal with the IMF is said to add clarity to markets
Pedestrians walk past the Central Bank of Argentina in Buenos Aires.
Photographer: Diego Giudice/Bloomberg
This article is for subscribers only.
Argentina’s central bank now sees the peso at an equilibrium level, chief Luis Caputo told market participants who attended a meeting with him Thursday.
The statement comes after two days of strengthening by the peso following a rout that sent it to a record intra-day low in late August. Caputo also hinted that a revised deal with the International Monetary Fund will continue to calm the markets and add clarity on fiscal, monetary and exchange market fronts, in a meeting at the central bank with local market participants.