trending Market Intelligence /marketintelligence/en/news-insights/trending/kmLlgmPsMe4CBmkA23WiBg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Argentina inflation accelerates, raising reputational concerns for central bank

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Argentina inflation accelerates, raising reputational concerns for central bank

Argentina's inflation rate accelerated to 1.9% during the month of September as the cost of food, clothing and school jumped higher, data from Indec, the country's national statistics agency, showed Oct. 13.

The monthly result, which marks an increase from August's 1.4% pace, brought Argentina's inflation growth to an accumulated 17.6% for the first nine months of 2017, already above the top end of Banco Central de la República Argentina's 12% to 17% target range for the whole year. Clothing and footwear, which rose 3.8% nationally, and education, which jumped 3.7%, were among the main drivers of the September increase.

The release of the data renewed questions over the central bank's ability to control Argentina's rampant inflationary issues, with daily La Nacion saying the September result "further hampers the central bank's credibility to set future inflation benchmarks."

Similarly, El Cronista quoted economist José Luis Espert as expressing concern that BCRA could suffer a "loss of reputation" for failing to meet its inflation targets. The central bank had aimed to lower the monthly inflation rate to 1% in the final quarter of 2017, though the latest result suggests that is highly unlikely.

It also lowers the odds that the central bank will see 2018's inflation rate fall to its annual target of 8% to 12%.

A survey of economists published earlier in October showed median inflation expectations of 22% for 2017 and 15.8% for 2018, according to a Reuters report.

"If the government wants these inflation targets, it has to be tougher on tax matters," Espert reportedly said in a radio interview.

The Indec data came out just days after the BCRA decided to hold its benchmark rate unchanged at 26.25%. In doing so, it noted that core inflation during the third quarter was likely to come in above target levels, but that it should slow from previous quarters.