Argentina's Central Bank Chief Warns on Outlook

Argentina’s new central bank governor said it was “definitely too soon” to declare that stability had returned to the country’s battered currency, whose dramatic slide this year forced Buenos Aires to seek a bailout from the IMF.

The Argentine peso has gained more than 10 per cent since a monetary policy programme backed by the IMF was put in place when Guido Sandleris took over at the central bank last month. But, Mr Sandleris warned, rising global interest rates and a possible US-China trade war meant the outlook for emerging markets, including Argentina, was still unclear.