The benchmark interest rate in Argentina was last recorded at 59.16 percent. Interest Rate in Argentina averaged 61.71 percent from 1979 until 2018, 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 60.00 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 35.00 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 59.16 59.13 1389.88 1.20 percent [+]
Money Supply M0 1238891.00 1155082.00 1249657.00 369.00 ARS Million [+]
Money Supply M1 1254077.70 1357056.00 1357056.00 440.30 ARS Million [+]
Interbank Rate 69.59 60.30 1389.88 1.20 percent [+]
Money Supply M2 1827235.40 1893023.10 1893023.10 711.60 ARS Million [+]
Money Supply M3 3134303.00 3109448.30 3134303.00 775.90 ARS Million [+]
Deposit Interest Rate 21.55 18.95 17235.81 3.01 percent [+]
Central Bank Balance Sheet 4872435.27 5166137.53 5166137.53 446265.84 USD Million [+]
Foreign Exchange Reserves 46974.00 42429.00 56737.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
59.16 59.13 1389.88 1.20 1979 - 2018 percent Daily

Country Last Previous
Argentina 59.16 Dec/18
Turkey 24.00 Dec/18
Mexico 8.00 Nov/18
Russia 7.75 Dec/18
South Africa 6.75 Nov/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Nov/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Nov/18
Switzerland -0.75 Dec/18