The BCRA Sets the Crawling Peg at 1% Per Month

After the consolidation observed in the inflation path over the past few months and the expectations of lower inflation, the BCRA has established a new crawling peg at 1% per month as from February 1, 2025.

In a context of economic activity recovery and seasonal price increase, both inflation over the past few months and high-frequency observations confirm that inflation has posted a downward trend, below the market expectations surveyed. The exchange rate adjustment continues to serve as a supplementary anchor to inflation expectations.

January 14, 2025