BCRA Raises Monetary Policy Rate to 45%

Buenos Aires, August 13th, 2018. In response to the current international scenario and a new potential impact on domestic inflation, the Monetary Policy Council (COPOM) of the BCRA has unanimously decided to hold an unscheduled meeting and raise the monetary policy rate to 45%. With a view to ensuring the contractionary bias of monetary conditions, the COPOM undertakes not to reduce this new monetary policy rate level at least until October.