The benchmark interest rate in Argentina was last recorded at 38 percent. source: Central Bank of Argentina

Interest Rate in Argentina averaged 61.51 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 October of 2021.

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 34.00 percent in 2022 and 28.00 percent in 2023, according to our econometric models.

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Argentina 7-Day Leliq Rate

Calendar GMT Actual Previous Consensus TEForecast
2018-08-07 08:00 PM 40% 40% 40.00%
2018-08-13 08:00 PM 45% 40%
2018-08-30 02:00 PM 60% 45%
2018-09-11 08:00 PM 60% 60% 60%

Argentina Last Unit Reference Previous Highest Lowest
Interest Rate 38.00 percent Sep/21 38.00 1389.88 1.20
Interbank Rate 31.46 percent Sep/21 30.45 1389.88 1.20
Money Supply M0 2940337.00 ARS Million Sep/21 2866832.00 2940337.00 369.00
Money Supply M1 3942886.90 ARS Million Aug/21 3870514.20 3942886.90 440.30
Money Supply M2 5801824.30 ARS Million Aug/21 5671011.10 5801824.30 711.60
Money Supply M3 10221904.50 ARS Million Aug/21 9925463.40 10221904.50 775.90
Deposit Interest Rate 34.18 percent Oct/21 34.18 85.38 0.00
Central Bank Balance Sheet 16223923.86 USD Million Jul/21 15810997.65 16223923.86 446265.84

Argentina 7-Day Leliq 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.