Federico Sturzenegger on Argentina’s efforts to create a credible central bank

BCRA ex-governor speaks about market panic, IMF bailout, and ending high inflation and monetary financing

L to R: Central Banking’s Christopher Jeffery with Federico Sturzenegger
L to R: Central Banking’s Christopher Jeffery with Federico Sturzenegger
Javier Pierini

At the time you took office, at the end of 2015, most observers said the Central Bank of Argentina was a ‘captured’ central bank. Do you agree? What efforts have you put in place to change this?

In the two years prior to us taking over, the central bank had handed over funds worth 5% of GDP to the Treasury. That in itself speaks about what the situation was. And, historically, there has never been a real consciousness about the need for an independent central bank – which may have something to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account