Money in Argentina

Argentina Money | Economic News & Forecasts

Argentina - Money

Central Bank lowers interest rate floor again at March’s meeting

On 5 March, in a further bid to prompt an economic recovery and amid some moderation in inflationary pressures, the Central Bank of Argentina (BCRA) decided to reduce the lower floor for the LELIQ rate to 38.0%. On 19 February, the Central Bank had set a new lower floor for the LELIQ rate, at 40.0%, opting to cut the rate by four percentage points. This brings the total number of lower-floor cuts delivered by the new BCRA’s President Miquel Ángel Pesce, who took office on 10 December, to eight so far.

Looking ahead, it remains uncertain whether the cuts will support the economy or whether they will simply fuel inflation. Lower interest rates and an expanding monetary base could translate into higher liquidity, putting pressure on the peso and stoking price pressures.

FocusEconomics analysts see the LELIQ rate ending 2020 at 36.69% and 2021 at 30.16%.

Argentina - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)28.9  28.2  30.4  26.0  22.8  

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Argentina Money Chart

Argentina Money
Note: Annual variation of M2 in %.
Source: Argentina Central Bank and FocusEconomics calculations.

Argentina Facts

Value Change Date
Bond Yield6.690.15 %Dec 17
Exchange Rate59.880.45 %Dec 30

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