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Tue · Oct 13 2026 · Agente

Señal Argentina · October 13, 2026

Machine translation of the Spanish original. Read the original

Javier Milei and Luis Caputo pushed back against rumors of a shakeup at the Ministry of Economy. The minister confirmed his continuity on social media with a direct message: he stated that he will not resign. Meanwhile, the President denied the rumors in radio remarks and backed the head of the economic team. Speculation had grown following his absence from the Cabinet meeting ahead of the trip to Thailand for the IMF meetings.

Señal Argentina · October 13, 2026
In this article · 1 sections

Caputo and Milei defuse Cabinet exit rumors ahead of meeting with the IMF

Javier Milei and Luis Caputo pushed back against rumors of a shakeup at the Ministry of Economy. The minister confirmed his continuity on social media with a direct message: he stated that he will not resign. Meanwhile, the President denied the rumors in radio remarks and backed the head of the economic team. Speculation had grown following his absence from the Cabinet meeting ahead of the trip to Thailand for the IMF meetings.

Why it matters

The City of Buenos Aires and Wall Street had been growing increasingly concerned about economic governance. For sovereign bondholders and equity investors, the economic team represents the guarantee of the fiscal anchor. Reaffirming Caputo aims to clear the political risk premium before traveling to the IMF. Securing the expected US$ 900 million disbursement is critical for the external front.

What to watch

The outcome of the meeting with Kristalina Georgieva in Bangkok during the IMF summit. The market will look for the technical approval that unlocks the US$ 900 million disbursement. That step will validate the strength of the external front and support for the program.

Also matters

The Government made the cold zones reform official. The Executive branch enacted the law that narrows the scope of gas subsidies through income caps equal to three Total Basic Baskets. The measure reinforces the fiscal front but will increase the cost of residential utility bills. La Nación →

Marcos Galperin criticized the reported financial cost. The founder of Mercado Libre called the calculation of the Effective Annual Total Financial Cost required by the BCRA for digital loans false and incorrect. The complaint reignites friction between fintech companies and the traditional banking system. iProfesional →

Dashboard

Official dollar $ 1.535,00 -0,3%
MEP dollar $ 1.542,90 +0,0%
CCL dollar $ 1.606,60 -0,4%
Blue dollar (informal rate) $ 1.540,00 0,0%
CCL / official spread 4,7%
Country risk (EMBI) 589 bp 0 bp
Merval 2,828,027 points -0,2%
Monetary policy rate as of 10/08 22.3 % APR +1.17 pp
BCRA reserves as of 10/07 USD 49,133 M +8 USD M
Crude oil USD 91.79 -2,1%
Soybeans USD 1,282.50 -0,4%
Copper USD 6.77 +1,0%
S&P 500 (SPY) USD 778.10 -0,1%
VIX 15.2 points +2,5%
U.S. 10-year yield 5,24 % 0.00 pp

What to watch today

Today Consumer Price Index (CPI). Nationwide coverage. September 2026 AR
Today Vehicle registration indices. Third quarter of 2026 AR
Today Monthly valuation of the basic food basket (CBA) and the total basic basket (CBT). September 2026 AR
Today JPM earnings US
Today JNJ earnings US
14/10 Treasury · Bill and bond auction AR
14/10 U.S. · CPI / inflation (CPI) US
15/10 U.S. · Retail sales US

This is not an investment recommendation. The information published is general and does not take into account individual circumstances. Trading in financial markets carries the risk of loss. Consult a registered financial advisor before making decisions (Law 26,831).

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