The benchmark interest rate in Argentina was last recorded at 38 percent. source: Central Bank of Argentina

Interest Rate in Argentina averaged 61.67 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 July of 2021.

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. Looking forward, we estimate Interest Rate in Argentina to stand at 38.00 in 12 months time. In the long-term, the Argentina 7-Day Leliq Rate is projected to trend around 34.00 percent in 2022 and 28.00 percent in 2023, according to our econometric models.

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Argentina 7-Day Leliq Rate

Actual Previous Highest Lowest Dates Unit Frequency
38.00 38.00 1389.88 1.20 1979 - 2021 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2018-08-07 08:00 PM 40% 40% 40.00%
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%

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). On August 2018, the seven-day ‘Liquidity Notes,’ or Leliq replaced the yield on the 35-day Lebac bonds introduced in December of 2015 as 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. .