Miguel Ángel Pesce
Miguel Ángel Pesce | |
|---|---|
 | |
| President of the Central Bank of Argentina | |
| In office 10 December 2019 – 10 December 2023 | |
| President | Alberto Fernández |
| Preceded by | Guido Sandleris |
| Succeeded by | Santiago Bausili |
| Vice President of the Central Bank of Argentina | |
| In office 24 September 2004 – 12 December 2015 | |
| Preceded by | Pedro Lacoste |
| Succeeded by | Lucas Llach |
| Personal details | |
| Born | 20 September 1962 Mendoza Province, Argentina |
| Alma mater | University of Buenos Aires |
| Signature |  |
Miguel Ángel Pesce (born 20 September 1962) is an Argentine economist who served as president of the Central Bank of Argentina in the Alberto Fernández administration, from 2019 to 2023.[1] Pesce previously served as vice president of the Central Bank from 2004 to 2015, during the successive presidencies of Néstor Kirchner and Cristina Fernández de Kirchner.
Early life and education[edit]
Born in eastern Mendoza Province, Pesce is a University of Buenos Aires graduate.
Career[edit]
Pesce served as General Comptroller of Argentina in 2004 and as Secretary of Finances in the Buenos Aires city government during the mayorship of Aníbal Ibarra. A member of the centrist Radical Civic Union (UCR), Pesce became a Kirchnerist UCR ally during Néstor Kirchner's 2003-07 presidency.[2]
Tapped to head the Central Bank by newly-elected President Alberto Fernández in late 2019, Pesce initially cut benchmark interest rates, from 63% to 38%, in an effort of spur economic growth following a deep, two year recession.[3]
Following severe economic fallout from the global COVID-19 crisis, with GDP falling by 9.9%,[4] Argentina's economy rebounded by 10.4% in 2021 and 5.7% in January-April 2022.[5] Inflation, however, remained stubbornly high - initially slowing from 54% in 2019 to 36% in 2020; but rising to over 60% by May 2022.[6] The official exchange rate, moreover, doubled during Pesce's first 30 months in office to 130 pesos per dollar - while the parallel "blue" rate nearly quadrupled, to 270 pesos.[7]
Other activities[edit]
- Financial Stability Board (FSB), Ex-Officio Member (since 2019)[8]
References[edit]
- ^ "Quiénes es quién en la nueva mesa chica del Banco Central - LA NACION". La Nación.
- ^ "Pesce, un radical K apadrinado por Alberto F." Crítica de la Argentina (in Spanish). 7 January 2010. Archived from the original on 9 January 2010.
- ^ "Argentina cuts interest rate for eighth time since December". Reuters. 5 March 2020.
- ^ "IMF predicts Argentina's economy will slump 9.9% in 2020". Buenos Aires Times. 25 June 2020.
- ^ "Estimador mensual de actividad económica: Abril de 2022" (PDF). INDEC.
- ^ "Índice de precios al consumidor (IPC): Mayo de 2022" (PDF). INDEC.
- ^ "Dólar blue hoy: a cuánto cotiza este lunes 4 de julio". Ámbito. 4 July 2022.
- ^ Members Financial Stability Board (FSB).
Central bank governors of the G20 | |
|---|---|
  | This biographical article about an Argentine economist is a stub. You can help Wikipedia by expanding it. |
 | This article about an Argentine politician is a stub. You can help Wikipedia by expanding it. |