The central bank of Argentina lifted in early January its "Leliq" interest rate to 40% from 38%, the level it had stood for most of 2021 even with annual inflation running at around 50%, as it faces calls from the International Monetary Fund to tighten its monetary policy. The bank also announced it would be redesigning its monetary policy to ensure macroeconomic stability. In this regard, it was decided to expand the maximum tenure limit of Letters of Liquidity (LELIQ) to 28 days of term for up to a proportional amount to the stock of term deposits of the private sector of each financial entity. At the same time, the monetary authority advanced with the creation of a new 180-day Leliq note with a fixed annual rate of 44%. source: Central Bank of Argentina
Interest Rate in Argentina averaged 61.35 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 January of 2022.
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. In the long-term, the Argentina 7-Day Leliq Rate is projected to trend around 28.00 percent in 2023, according to our econometric models.