Latest bank decision: At its late April meeting, the Central Bank kept the target range for the federal funds rate...
1-Day Reverse Repo Rate in Argentina
Throughout the last decade, Argentina's central bank policy rates saw dramatic changes in response to rampant inflation and economic instability. The rates were frequently adjusted upwards, particularly post-2018, as part of attempts to curb soaring inflation and stabilize the peso. By 2023, Argentina had some of the highest policy rates globally, reflecting persistent inflationary pressures and economic challenges; these high rates aimed to control inflation but also posed challenges for economic growth and access to credit. However, Milei's government slashed rates in 2024 as inflation eased, boosting credit access.
The monetary policy rate ended 2024 at 32.00%, compared to the end-2023 value of 100.0% and the figure a decade earlier of 26.86%. It averaged 46.42% over the last decade. For more interest rate information, visit our dedicated page.
Argentina Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Argentina from 2014 to 2025.
Source: Macrobond.
Argentina Interest Rate Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Monetary Policy Rate (%, eop) | 38.00 | 75.00 | 100.00 | 32.00 | 27.81 |
| Central Bank Badlar Rate (%, eop) | 34.13 | 69.38 | 109.75 | 31.94 | 26.06 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine interest rate projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Argentine interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine interest rate projections.
Want to get access to the full dataset of Argentine interest rate forecasts? Send an email to info@focus-economics.com.
Latest Global Monetary Policy News
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United States: Central Bank keeps rates steady in April -
Canada: Bank of Canada holds rates in April Latest bank decision: At its meeting on 29 April, the Bank of Canada held the target for the overnight rate... -
United Kingdom: Central Bank holds rates in April Latest decision: In late April, the Central Bank voted to keep the bank rate at 3.75%, following cuts of 150... -
Chile: Central Bank of Chile holds rates in April March hold priced in by markets: On 28 April, the Central Bank of Chile stood pat, leaving its policy rate... -
Turkey: Central Bank leaves rates unchanged in April Central Bank stands pat amid external uncertainty: At its meeting on 22 April, the Central Bank of the Republic of... -
Singapore: Monetary Authority of Singapore tightens monetary policy in April MAS tightens monetary policy in April: At its meeting on 14 April, the Monetary Authority of Singapore (MAS) decided to... -
Korea: Central Bank stands pat in April Decision in line with market expectations: At its meeting on 10 April, the Bank of Korea (BOK) decided to keep...