The central bank of Argentina lifted in early January its "Leliq" interest rate to 40% from 38%, the level it had stood for most of 2021 even with annual inflation running at around 50%, as it faces calls from the International Monetary Fund to tighten its monetary policy. The bank also announced it would be redesigning its monetary policy to ensure macroeconomic stability. In this regard, it was decided to expand the maximum tenure limit of Letters of Liquidity (LELIQ) to 28 days of term for up to a proportional amount to the stock of term deposits of the private sector of each financial entity. At the same time, the monetary authority advanced with the creation of a new 180-day Leliq note with a fixed annual rate of 44%. source: Central Bank of Argentina

Interest Rate in Argentina averaged 61.35 percent from 1979 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Interest Rate in Argentina is expected to be 38.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina 7-Day Leliq Rate is projected to trend around 28.00 percent in 2023, according to our econometric models.

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Argentina 7-Day Leliq Rate

Calendar GMT Actual Previous Consensus TEForecast
2018-08-13 08:00 PM 45% 40%
2018-08-30 02:00 PM 60% 45%
2018-09-11 08:00 PM 60% 60% 60%

Related Last Previous Unit Reference
Interest Rate 40.00 38.00 percent Jan/22
Interbank Rate 30.56 31.14 percent Dec/21
Money Supply M0 3654036.00 3136142.00 ARS Million Dec/21
Money Supply M1 4413930.70 4113624.30 ARS Million Oct/21
Money Supply M2 6416367.70 6057065.10 ARS Million Oct/21
Money Supply M3 11056950.90 10594661.70 ARS Million Oct/21
Deposit Interest Rate 37.03 37.03 percent Jan/22
Central Bank Balance Sheet 16223923.86 15810997.65 USD Million Jul/21
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). 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.