Argentina Interest Rate

Last Release

Jan 31, 2025

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	64.09 %	1979-2025	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 lowered its benchmark interest rate by 300bps to 29% on January 31, 2025, as inflation continued to moderate. This was the ninth rate reduction since President Javier Milei took office in December 2023, bringing borrowing costs to their lowest level since October 2020. In December 2024, the annual inflation in the country slowed for the eighth consecutive month to 117.8%, the lowest level since July 2023, down from 166% in November. Monthly, inflation rate was at 2.7%, marking the third consecutive month below 3%. The rate cut coincides with the government's plan to reduce the currency's official monthly depreciation rate from 2% to 1% starting February 1. This contentious policy, known locally as the "crawling peg," has drawn considerable attention as policymakers seek to further ease inflation.