Argentina’s central bank lowered its benchmark interest rate by 300bps to 29% on January 31, 2025, as inflation continued to moderate. This was the ninth rate reduction since President Javier Milei took office in December 2023, bringing borrowing costs to their lowest level since October 2020. In December 2024, the annual inflation in the country slowed for the eighth consecutive month to 117.8%, the lowest level since July 2023, down from 166% in November. Monthly, inflation rate was at 2.7%, marking the third consecutive month below 3%. The rate cut coincides with the government's plan to reduce the currency's official monthly depreciation rate from 2% to 1% starting February 1. This contentious policy, known locally as the "crawling peg," has drawn considerable attention as policymakers seek to further ease inflation. source: Central Bank of Argentina
The benchmark interest rate in Argentina was last recorded at 29 percent. Interest Rate in Argentina averaged 23.29 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. 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 Overnight Repo Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.
The benchmark interest rate in Argentina was last recorded at 29 percent. 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 20.00 percent in 2027 and 17.00 percent in 2028, according to our econometric models.