Argentina Interest Rate

Last Release

Apr 11, 2024

Actual

Units In

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
1,389.88 Mar 1990	1.2 Mar 2004	64.4 %	1979-2024	Central Bank of Argentina

In Argentina, Money Market Rate decisions are taken by The Central Bank of Argentina (Banco Central de la República Argentina, BCRA). On August 2018, the seven-day ‘Liquidity Notes,’ or Leliq replaced the yield on the 35-day Lebac bonds introduced in December of 2015 as the benchmark policy rate. On September 28th 2018, the central bank implemented a new monetary policy framework with a goal of zero growth of the monetary base from October 2018 until June 2019, as part of the USD 57 billion financing deal with the IMF. .

Latest Updates

Argentina's central bank cut the benchmark interest rate by 10 bps to 70%, marking the third adjustment since December . The move aims to curb rampant inflation, which exceeds 275% annually. The decision follows government efforts to address inflation, with recent data showing a slowdown despite lingering challenges. The central bank cited a noticeable slowdown in inflation since December 2023, attributing it to corrective measures and a reduction in the monetary base under Milei's administration. Despite positive investor sentiment driven by Milei's fiscal policies, Argentina still faces challenges, including rising poverty levels and economic recession, with declining activity, production, and consumption.