Argentina's Economy: Higher Reserve Requirements, Election Uncertainty

Argentina's central bank is tightening the screws on local banks for the third time in weeks, demanding they hold nearly 50% of their funds in reserve. Is this a desperate attempt to calm markets amid corruption allegations against President Milei's administration and a plunging peso, or will it strangle the country's already fragile economic recovery? With elections looming and Argentina's risk index soaring, all eyes are on whether this gamble pays off or triggers further chaos. Hosted on Acast. See acast.com/privacy for more information.