With the dollar declining, Caputo called a 'VIP meeting' with the market and announcements are expected
The Argentine Ministry of Economy has convened a 'VIP meeting' with market agents amid a decline in the dollar and rising inflation, with expected announcements concerning economic policies.
In Argentina, as the dollar experiences a decline and inflation accelerates, the Ministry of Economy has organized a 'VIP meeting' with market agents, which commenced today. This meeting was confirmed by five financial sector sources and has attracted attention due to rumors of a potential easing of currency restrictions. Invited to the meeting are prominent brokers and financial figures who maintain good communications with the economic team, indicating a significant engagement between the government and market players.
Earlier today, Economy Minister Caputo had a working lunch with President Javier Milei at the Quinta de Olivos, alongside Central Bank head Santiago Bausili. This meeting was underscored by announcements that developments are forthcoming, hinting at potential policy shifts that could affect the financial landscape in Argentina. Despite attempts to gain clarity on the specifics, the Ministry of Economy has not responded to inquiries, leaving speculation high in the financial community.
A circulating message within the financial district suggests that one of the possible outcomes of the meeting could involve lifting a cross-restriction that currently hampers companies that purchased official dollars. This move, if executed, might signal a significant change in the government's approach to currency management during a critical economic period characterized by rapid inflation and currency fluctuations.