Latest bank decision: At its meeting on 29 April, the Central Bank of Chile decided to maintain the monetary policy...
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 7-Day LELIQ Rate ended 2022 at 75%, up from the 38% end-2021 value and significantly higher than the reading of 15.05% a decade earlier. For more interest rate information, visit our dedicated page.
Argentina Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Argentina from 2024 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 | 34.19 | 68.81 | 109.00 | 32.88 |
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 23 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
-
Chile: Central Bank of Chile leaves rates unchanged in April -
Hungary: Central Bank keeps rates unchanged in April Latest decision: At its meeting on 29 April, the National Bank of Hungary (MNB) decided to leave all policy rates... -
Ukraine: National Bank of Ukraine keeps policy rate steady in April Central Bank decision: At its meeting in mid-April, the National Bank of Ukraine (NBU) decided to leave its key policy... -
Indonesia: Bank Indonesia leaves rates unchanged in April Loosening cycle paused for third consecutive time: At its meeting on 22–23 April, Bank Indonesia (BI) maintained the BI-Rate at... -
Korea: Central Bank leaves rates unchanged in April Latest bank decision: At its meeting on 17 April, the Central Bank decided to leave the base rate unchanged at... -
Canada: Bank of Canada keeps rates steady in April Latest bank decision: At its meeting on 16 April, the Bank of Canada kept its target for the overnight rate... -
Singapore: Monetary Authority of Singapore eases its stance in April Second consecutive S$NER slope reduction: At its meeting on 14 April, the Monetary Authority of Singapore (MAS) decided to slightly...