The Central Bank of Argentina reported that its vice president, Vladimir Werning, delivered a presentation titled “Argentina: advances in the stabilization programme” at the Annual Convention of the Institute of Finance Executives in Bariloche. The presentation set out themes on the progress of the stabilization and reform programme, including two years of domestic reordering, the dynamics of money demand in an election year, higher available reserves alongside lower debt, and declining inflation with more flexible relative prices. It also addressed short-term challenges through a framework of two temporary shocks to interest rates, described as macro (elections) and micro (the development of private markets), and outlined a response approach of macro measures for macro problems and micro measures for micro problems, alongside “signals of stabilization” identified as market deepening, rate moderation, and a flattening yield curve.
Central Bank of Argentina2025-09-05
Central Bank of Argentina vice president presents on progress in the stabilization programme and interest rate shocks
Argentina's Central Bank VP, Vladimir Werning, discussed the stabilization programme at the Finance Executives' Convention. Key themes were domestic reordering, increased reserves, reduced debt, and declining inflation, focusing on macro and micro measures for election-related and private market challenges. Stabilization signals included market deepening, rate moderation, and a flattening yield curve.