Caputo Leads as Top Pick for Economy Minister in Milei Administration, Vows Fiscal and Monetary Changes
• Argentine former central banker Luis Caputo emerges as frontrunner for economy minister role in President-elect Javier Milei's administration • Caputo meets with local and international banks, emphasizes fiscal and monetary "shock therapy" needed to curb high inflation and boost reserves • Signals more orthodox economic policy plans to markets, helping drive bond prices up 14% and equities over 40% since Milei's election • Vows to lift capital controls quickly but says dollarization not planned in short term; fiscal and monetary stabilization needed first • Does not provide details on public spending cuts or plans to address central bank's large stock of Leliq notes targeted for money supply reasons