In Argentina, Money Market Rate decisions are taken by The Central Bank of Argentina (Banco Central de la República Argentina, BCRA). In December of 2015, the central bank introduced a new benchmark interest rate, the yield on the 35-day Lebac bonds and since March 1st policymakers have been using the interest rate as a central instrument of monetary policy. Since August 2018, the interest rate on the seven-day ‘Liquidity Notes,’ or Leliq, is 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. The benchmark interest rate remains the interest rate on seven-day ‘Liquidity Notes,’ or Leliq, set daily.
. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.