Canada: Bank of Canada decreases rates in July
At its meeting on 24 July, the Bank of Canada (BOC) reduced its target for the overnight rate to 4.50%...
1-Day Reverse Repo Rate in Argentina
Throughout 2013-2022, 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 2022, 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.
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 2017 to 2016.
Source: Macrobond.
Argentina Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| 1-Day Reverse Repo Rate (%, eop) | 55.00 | 38.00 | 38.00 | 75.00 | 100.00 |
| Central Bank Badlar Rate (%, eop) | 39.44 | 34.25 | 34.19 | 68.81 | 109.00 |
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 24 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.
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