About Argentina Interest 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. Following the central bank's new leadership formed by President Javier Milei in 2023, the central bank assumed the rate on overnight repo contracts as the country's official benchmark policy rate.
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Frequently Asked Questions
Argentina Interest Rate is 50% at the moment.
Last month Argentina Interest Rate was 50%, and the month before that it amounted to 60%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.