A global toy cost index based on the popular Lego brick game found that Argentina is one of the most expensive places in the world to buy a kit of that brand. According to a survey by the toy review site TheToyZone, the most expensive place in the world to buy a Lego kit is Ecuador, where the kit they took as a reference costs $672, followed by Argentina with $512 for the same product.
Argentina launched a series of measures with the idea of improving the performance of capital markets. The Ministry of the Economy announced a three-day reduction - from five current (parking) - for all current periods of permanence of marketable securities and thus encourage the intermediation process to increase the liquidity of local instruments. It adds that next month it will hold a $750 million bond auction.
Argentina is changing the way monetary policy conducts, uniting two different benchmark rates in an attempt to reduce the cost of eliminating excess liquidity in market weights. The Argentine Central Bank (BCRA) perceives that its real monetary policy rate is somewhere between its repo and Leliq rates, or about 33%. Economy Minister Martín Guzmán said the government is looking to bring the different rates closer so that there is only a referral rate, between 32% and 33%.
New car sales in October will reach 30,500 units, estimates the Association of Automotive Dealers (ACARA). This projection is 12% lower than sales registered in September, when 34,700 units were patented.
Argentina has become the fifth country in the world to record one million confirmed coronavirus cases. In the past 24 hours, there were 12,982 new infections, pushing the overall number to 1,002,662, according to the country's health ministry. The ministry reported 451 new deaths, bringing the nation's toll to 26,716. With a population of about 45 million, Argentina is the smallest nation to have passed the one million mark. It follows the US, India, Brazil and Russia - all of whom have far bigger populations.