Latest bank decision: At its meeting on 29 October, the Central Bank decided to lower the target range for the...
1-Day Reverse Repo Rate in Argentina
Throughout the last decade, Argentina's central bank policy rates saw dramatic changes in response to rampant inflation and economic instability. The rates were frequently adjusted upwards, particularly post-2018, as part of attempts to curb soaring inflation and stabilize the peso. By 2023, Argentina had some of the highest policy rates globally, reflecting persistent inflationary pressures and economic challenges; these high rates aimed to control inflation but also posed challenges for economic growth and access to credit. However, Milei's government slashed rates in 2024 as inflation eased, boosting credit access.
The monetary policy rate ended 2024 at 32.00%, compared to the end-2023 value of 100.0% and the figure a decade earlier of 26.86%. It averaged 46.42% over the last decade. For more interest rate information, visit our dedicated page.
Argentina Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Argentina from 2025 to 2016.
Source: Macrobond.
Argentina Interest Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Monetary Policy Rate (%, eop) | 38.00 | 38.00 | 75.00 | 100.00 | 32.00 |
| Central Bank Badlar Rate (%, eop) | 34.25 | 34.13 | 69.38 | 109.75 | 31.94 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine interest rate projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Argentine interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine interest rate projections.
Want to get access to the full dataset of Argentine interest rate forecasts? Send an email to info@focus-economics.com.
Latest Global Monetary Policy News
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United States: Central Bank decreases rates in October -
Canada: Bank of Canada cuts rates in October Latest bank decision: At its meeting on 29 October, the Bank of Canada reduced the target for the overnight rate... -
Canada: Bank of Canada cuts rates in October Latest bank decision: At its meeting on 29 October, the Bank of Canada reduced the target for the overnight rate... -
Canada: Bank of Canada cuts rates in October Latest bank decision: At its meeting on 29 October, the Bank of Canada reduced the target for the overnight rate... -
Turkey: Central Bank decreases rates in October Central Bank cuts again: At its meeting on 23 October, the Central Bank of the Republic of Turkey (TCMB) reduced... -
Russia: Bank of Russia cuts rate in October Bank reduces rates as expected: At its meeting on 24 October, the Bank of Russia decided to cut the policy... -
Ukraine: National Bank of Ukraine leaves rates unchanged in October Bank stands pat: At its meeting on 23 October, the National Bank of Ukraine (NBU) decided to maintain its policy...