The second week of December is focused on new inflation data, an upcoming bond issuance, and the US dollar's performance. The government has announced its return to the capital markets to refinance old debt. The Ministry of Economy will issue bonds with a 4-year maturity and a 6.5% coupon rate. According to Minister Luis Caputo, this operation aims to "refinance old debt." High demand for this instrument is expected after negotiations with market agents. The official inflation data for November will be released on Thursday, December 11, at 4:00 PM. Analysts estimate that the Consumer Price Index (IPC) for November was 2.3%, matching October's figure and remaining above the 2% threshold. The market projects that annual inflation will close 2025 at 30.4%. Amid these developments, the US dollar on the local market posted its third consecutive session of decline, ending the week at 1.460 Argentine pesos. This drop is attributed to expectations of a sustained inflow of foreign currency following the announcement of new debt issuance in US dollars. On Monday, December 8, the opening dollar rates will be as follows: Official Rate: 1.410 ARS (buy) and 1.460 ARS (sell). Blue Dollar: 1.415 ARS (buy) and 1.435 ARS (sell). Wholesale Rate: 1.435 ARS. MEP Rate: 1,481.1 ARS (buy) and 1,478.2 ARS (sell). CCL Rate: 1,506.8 ARS (buy and sell).
