The benchmark interest rate in Argentina was last recorded at 29 percent. Interest Rate in Argentina averaged 23.30 percent from 2005 until 2026, reaching an all time high of 126.00 percent in October of 2023 and a record low of 3.25 percent in June of 2005. source: Central Bank of Argentina
Interest Rate in Argentina is expected to be 29.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Overnight Repo Rate is projected to trend around 25.00 percent in 2027 and 20.00 percent in 2028, according to our econometric models.
In Argentina, Money Market Rate decisions are taken by The Central Bank of Argentina (Banco Central de la República Argentina, BCRA). Through December 31, 2016, the interest rate used for monetary policy was BCRA bills (LEBAC). From January 2, 2017 until a change in 2018, it was the median of the repo corridor. As of August 8, 2018, the monetary policy reference rate was the 7-day Liquidity bills rate (LELIQ). Since April 2019, the Bank started setting the floor rate for LELIQ. Starting January 21, 2021, the BCRA offers LELIQs for 7 and 14-day periods. As of January 6, 2022, the interest rate used for monetary policy, changed to LELIQs 28-day period. Following the central bank's new leadership formed by President Javier Milei in 2023, the central bank assumed the rate on overnight repo contracts as the country's official benchmark policy rate.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
29.00 |
29.00 |
126.00 |
3.25 |
2005 - 2026 |
percent |
Daily |
|