The skyline in Argentina

Interest Rate in Argentina

Argentina Interest Rate

Central Bank hikes in May

On 15 May, the Central Bank of Argentina (BCRA) decided to hike the LELIQ rate to 97.00% from 91.00%.

The Bank decided to deliver another drastic rate hike in an attempt to sustain the peso amid a continued selloff in the parallel market, put a lid on runaway inflation and increase the attractiveness of peso savings. The Bank’s statement reiterated that its decision was “based on the objective of seeking positive real returns on local currency investments” and that it seeks to “prevent financial volatility from acting as a driver of inflation expectations”. Argentina’s monetary policy is framed in an agreement with the IMF; the country has committed to gradually moving towards positive real interest rates.

Looking ahead, the BCRA did not give explicit guidance but stated that it would continue to monitor the evolution of the general price level, the dynamics of the foreign exchange market and monetary aggregates to calibrate its policy.

Argentina Interest Rate Chart

This chart displays Policy Rate (%, eop) for Argentina from 2013 to 2022.

Argentina Interest Rate Data

2018 2019 2020 2021 2022
7-Day LELIQ Rate (%, eop) 59.25 55.00 38.00 38.00 75.00
Central Bank Badlar Rate (%, eop) 48.25 39.44 34.25 34.19 68.81

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest