Welcome Avatar! Monthly inflation reached its lowest level for the month of September in nine years. The economy that underpins these prices continued to contract YoY and the BCRA purchased fewer dollars than in any other month of 2026. Country Risk is rising above 600 again.
In this Macro Pulse issue for Founding Members we go over the general macro trends and the political plans brewing in the opposition camp that plan to make Milei’s road to reelection as bumpy as possible.
In the full report below we cover the following:
Inflation: what the lower September print means even though some outlets are focusing on the MoM increase;
BCRA housekeeping: rates, international reserves and the peso;
Credit & Country Risk: household credit and riesgo país trends;
Economic Activity & Fiscal
The Lonely President: the best critique of the government this year, checked line by line against the numbers;
The Ticker: previous ticker candidates performance and a new name;
Mara's read highlighting the main takeaways
Vamos.