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Caputo Courts Investors and Reshapes Team as Data Expose a K‑Shaped Recovery

The signals point to easier money with price control as the top goal.

Overview

  • Economy officials told foreign investors they would prioritize slowing prices and floated flexibility on buying reserves and lowering interest rates.
  • Caputo named new leaders in restructured units created by Decree 146/26, including Javier Fernández Medrano for economic analysis, Federico Veller for hydrocarbons, and Daniela Ramos for industry policy.
  • Market gauges show looser financial conditions, with short-term rates near 20% a year after the Treasury stopped soaking up pesos through its program and banks saw reserve rules eased.
  • Official data show uneven growth, with the activity index up 0.4% month over month and 1.9% year over year as agriculture jumped 25.1% but commerce and manufacturing fell.
  • Household strain is building as registered wages rose 2% in January versus 2.8% inflation, unemployment reached 7.5%, and loan delinquency climbed to 10.6%, while the ArcorDanone deal for La Serenísima heads to competition review.