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Argentina lowers rate floor; new CEOs at Itaú CorpBanca, HSBC México

* Argentina's central bank reduced the interest rate floor on seven-day Leliq notes to 52% from 55%, representing its third cut in less than a month. Central bank chief Miguel Pesce earlier said the benchmark rate will continue on a downward path in January.

* Itaú CorpBanca said Manuel Olivares resigned as CEO, effective Jan. 30, and will be replaced by Gabriel Moura, who currently serves as CFO.

* Jorge Arce will become CEO of HSBC México SA Institución de Banca Múltiple Grupo Financiero HSBC in February, replacing Nuno Matos, Bloomberg News reported, citing a statement. Arce has been working as deputy general director at Banco Santander México SA since 2016. HSBC said it will announce a new role for Matos in the future.

MEXICO AND CENTRAL AMERICA

* Consumer prices in Mexico increased 2.83% in the year through December 2019, below the 2.97% rise seen in November 2019, Reuters reported, citing the country's national statistics agency. The below-target inflation reading could lead to more rate cuts by Mexico's central bank.

* Mexico's Banco Sabadell SA Institución De Banca Múltiple said it increased loan placements by 9% in 2019 from the previous year, making it the country's 10th largest lender in the corporate segment, El Economista reported.

BRAZIL

* Brazil's central bank plans to implement a new "reserve management benchmark" in the first quarter, Valor Econômico reported, citing presentation materials from the bank. The central bank's directors did not provide any details on the matter at a news conference.

* State-run lender Caixa Econômica Federal is in talks with private Brazilian banks to renegotiate an agreement that allows their customers to perform certain transactions at lottery stores operated by Caixa, according to a report in O Estado de S.Paulo's Broadcast column.

ANDEAN

* Peru's central bank kept its benchmark monetary policy rate at 2.25% after core inflation remained at 2.3% in December 2019. While global trade-related risks have weakened, the impact of recent geopolitical tensions on energy prices remains uncertain, the bank warned.

SOUTHERN CONE

* A new rule that allows the Argentine central bank to trade government securities and offer repurchase agreements with local mutual funds is credit positive for bond funds and investors, Moody's said. The rating agency expects the move to increase liquidity in government securities for managers of T+1 short-term bond funds as well as investors, which will be guaranteed timely redemption payments due to the central bank's repurchase agreements.

* Argentina's central bank took its first step to regulate financial technology payment service providers by requiring them to deposit funds in bank accounts equivalent to the amount their clients have paid into virtual wallets, La Nación reported. The rule will ensure liquidity for clients and prevent the fintech firms from using the funds for short-term investments.

* Luis Oscar Herrera, chief economist for Latin America excluding Brazil at Banco BTG Pactual SA has been named as macroeconomic coordinator at Chile's finance ministry, La Tercera reported.

IN OTHER PARTS OF THE WORLD

* Asia-Pacific: Vietnam to raise 4 banks' capital; Westpac to review operations

* Middle East & Africa: World Bank cuts global growth forecast; Bank of Israel holds key rate

Helen Popper contributed to this article.

The Daily Dose has an editorial deadline of 8:00 a.m. São Paulo time, and scans news sources published in English, Portuguese and Spanish. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.