The benchmark interest rate in Argentina was last recorded at 44.21 percent. Interest Rate in Argentina averaged 61.27 percent from 1979 until 2019, reaching an all time high of 1389.88 percent in March of 1990 and a record low of 1.20 percent in March of 2004.

Interest Rate in Argentina is expected to be 50.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Argentina to stand at 25.00 in 12 months time. In the long-term, the Argentina 7-Day Leliq Rate is projected to trend around 20.00 percent in 2020, according to our econometric models.

Argentina 7-Day Leliq Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-07 08:00 PM Interest Rate Decision 40% 40% 40.00%
2018-08-13 08:00 PM Interest Rate Decision 45% 40%
2018-08-30 02:00 PM Interest Rate Decision 60% 45%
2018-09-11 08:00 PM Interest Rate Decision 60% 60% 60%

Argentina Money Last Previous Highest Lowest Unit
Interest Rate 44.21 43.94 1389.88 1.20 percent [+]
Money Supply M0 1352805.00 1408977.00 1408977.00 369.00 ARS Million [+]
Money Supply M1 1495411.40 1241866.00 1495411.40 440.30 ARS Million [+]
Interbank Rate 55.95 58.68 1389.88 1.20 percent [+]
Money Supply M2 2123330.40 1778674.90 2123330.40 711.60 ARS Million [+]
Money Supply M3 3484304.30 3355737.80 3484304.30 775.90 ARS Million [+]
Deposit Interest Rate 21.55 18.95 17235.81 3.01 percent [+]
Central Bank Balance Sheet 5514499.95 4857923.86 5514499.95 446265.84 USD Million [+]
Foreign Exchange Reserves 59133.00 44848.00 59133.00 13.00 USD Million [+]

Argentina 7-Day Leliq Rate

In Argentina, Money Market Rate decisions are taken by The Central Bank of Argentina (Banco Central de la República Argentina, BCRA). In December of 2015, the central bank introduced a new benchmark interest rate, the yield on the 35-day Lebac bonds and since March 1st policymakers have been using the interest rate as a central instrument of monetary policy. Since August 2018, the interest rate on the seven-day ‘Liquidity Notes,’ or Leliq, is the benchmark policy rate. On September 28th 2018, the central bank implemented a new monetary policy framework with a goal of zero growth of the monetary base from October 2018 until June 2019, as part of the USD 57 billion financing deal with the IMF. The benchmark interest rate remains the interest rate on seven-day ‘Liquidity Notes,’ or Leliq, set daily. . This page provides the latest reported value for - Argentina Money Market Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina 7-Day Leliq Rate - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
44.21 43.94 1389.88 1.20 1979 - 2019 percent Daily

Country Last Previous
Argentina 44.21 Feb/19
Turkey 24.00 Jan/19
Mexico 8.25 Feb/19
Russia 7.75 Feb/19
South Africa 6.75 Jan/19
Brazil 6.50 Feb/19
India 6.25 Feb/19
Indonesia 6.00 Jan/19
China 4.35 Jan/19
Saudi Arabia 3.00 Jan/19
United States 2.50 Jan/19
Singapore 1.90 Jan/19
Canada 1.75 Jan/19
South Korea 1.75 Jan/19
Australia 1.50 Jan/19
United Kingdom 0.75 Feb/19
Euro Area 0.00 Jan/19
France 0.00 Jan/19
Germany 0.00 Jan/19
Italy 0.00 Jan/19
Netherlands 0.00 Jan/19
Spain 0.00 Jan/19
Japan -0.10 Jan/19
Switzerland -0.75 Jan/19