Tag Archives: central bank

Will Argentina take all of its bitter medicine?

Posted on November 6, 2018 by robdwyerbrazil

Argentina’s central bank says it knows it needs to restore credibility, but if the recession persists and with elections next year, could the BCRA use the embedded flexibility in the IMF’s  new monetary system to – again – ease too soon? Gradualism … Continue reading →

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Argentina’s delicate balancing

Posted on October 2, 2017 by robdwyerbrazil

President Mauricio Macri’s economic inheritance was toxic; his policy of gradual fiscal realignment looks like it will lead to success in this year’s crucial mid-term elections, but the country desperately needs investment to maintain the transition. Let me answer in … Continue reading →

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Consolidation starting in Argentina as Macro targets Patagonia

Posted on April 12, 2017 by robdwyerbrazil

Banco Macro has signalled its serious intent to buy Banco Patagonia by proposing an equity sale of up to $750 million to finance the acquisition. According to a regulatory filing made last week, Macro’s board will seek authorization for the … Continue reading →

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Supervielle flying in Argentina

Posted on April 6, 2017 by robdwyerbrazil

Grupo Supervielle is set to continue its rapid, above-industry-average growth in 2017, according to Milton Migotti, head of international trade and financial institutions. The banking group was the first Argentine financial institution to take advantage of improved investor sentiment about … Continue reading →

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Goldfajn plots a happy ending for Brazil interest rates

Posted on March 7, 2017 by robdwyerbrazil

The new president of Brazil’s central bank has identified the large interest rate spread applied by banks on top of the base rate as an obstacle to economic growth. His plan to increase competition and reduce this ‘spread bancario’ is … Continue reading →

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How BTG came through the ultimate stress test

Posted on March 3, 2017 by robdwyerbrazil

When Brazilian federal police knocked on the door of André Esteves’ Rio de Janeiro home on the morning of November 25, 2015, they were not only arresting one of the country’s most prominent bankers, they were also delivering a hammer … Continue reading →

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Latin America: Brazil’s central bank attacks ‘spread bancario’

Posted on March 2, 2017 by robdwyerbrazil

Ilan Goldfajn, president of Brazil’s central bank, is seeking to lower the very high credit spreads charged by the country’s banks to its clients in the ‘free market’ credit segments. Goldfajn tells Euromoney, in a wide-ranging interview that will be … Continue reading →

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The sucking sound of Brazilian interest rates

Posted on November 1, 2016 by robdwyerbrazil

Brazil’s economy leads the world in high interest rates. It is a blessing for banks but a burden on the economy – draining resources away from both new investment and consumption. Will new credit platforms finally jolt the established banks … Continue reading →

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