Argentina's central bank has built about $3 billion in gross reserves this year, aligning with IMF targets amid strong dollar inflows.
Daily dollar purchases fell to $124 million in May from $138 million in April, reflecting caution over rising peso supply and inflation risks.
Economy Minister Luis Caputo expects acceleration in May‑June, while wage growth stays weak, loan delinquencies rise and banks tighten lending.
Central bank President Santiago Bausili warned money demand recovery is slower than projected, limiting further reserve‑building purchases.