Rates remain at some of the highest levels in recent history as expected: At its meeting on 5 June, the...
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 2024 to 2016.
Source: Macrobond.
Argentina Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Monetary Policy Rate (%, eop) | 55.00 | 38.00 | 38.00 | 75.00 | 100.00 |
| Central Bank Badlar Rate (%, eop) | 39.44 | 34.25 | 34.19 | 68.81 | 109.00 |
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 23 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
-
Kazakhstan: Central Bank stands pat again in June -
Euro Area: ECB decreases rates in June Central Bank extends monetary policy easing cycle: At its meeting on 4–5 June, the Governing Council decided to lower its... -
Ukraine: National Bank of Ukraine keeps policy rate steady in June Central Bank decision: At its meeting on 5 June, the National Bank of Ukraine (NBU) decided to leave its key... -
Poland: Central Bank leaves rates unchanged in June Bank pauses easing cycle: At its meeting on 3–4 June, the Central Bank decided to keep the reference rate at... -
Canada: Bank of Canada keeps rates steady in June Latest bank decision: At its meeting on 4 June, the Bank of Canada kept its target for the overnight rate... -
New Zealand: Central Bank decides to decrease rates in May Latest bank decision: At its meeting on 28 May, the Central Bank agreed to reduce the Official Cash Rate (OCR)... -
Hungary: Central Bank leaves rates unchanged in May Rates remain on hold as expected: At its meeting on 27 May, the Central Bank decided to leave the base...