Home » Monetary policy Latest monetary policy statements Communiqué Date Deepening of the monetary aggregate scheme: re-monetization phase 202615 dec 2025The BCRA and the United States Department of the Treasury sign an exchange stabilization agreement for USD 20 billion20 oct 2025The BCRA confirms that there have been no changes to the regulations governing the purchase of dollars by natural persons30 sep 2025The BCRA announces measures to strengthen international reserves and consolidate control of monetary aggregates.9 jun 2025Beginning of stage 3 of the economic program with relaxation of currency restrictions and an exchange rate to float within a band11 apr 2025The BCRA reduced again the monetary policy rate30 jan 2025The BCRA sets the crawling peg at 1% per month16 jan 2025The BCRA reduced again the monetary policy rate5 dec 2024The BCRA Lowered the Monetary Policy Rate1 nov 2024The BCRA has launched a monetary framework aimed at consolidating price stability23 jul 2024The BCRA has eliminated the endogenous issuance caused by remunerated liabilities, moving forward in the process of balance sheet restructuring11 jul 2024The BCRA and the PBC renew the active tranche of the currency swap agreement until July 202612 jun 2024The BCRA Lowered the Monetary Policy Rate and Reinforces Control over Monetary Programming.14 may 2024The BCRA Lowered the Monetary Policy Rate2 may 2024The BCRA adjusts minimum reserve requirements2 may 2024BCRA’s Actions in View of the Development of the Economic Context and Liquidity Conditions11 mar 2024The BCRA awarded bids for BOPREAL Series 1 for a total accumulated amount of USD1,644 million (NV)18 jan 2024BCRA awarded bids for BOPREAL Series 1 for USD1,179 million (NV) at the third auction11 jan 2024Results of the second auction of BOPREAL Series 14 jan 2024New Monetary Policy Rate and Liquidity Management Scheme18 dec 2023New Monetary and Exchange Rate Policy Framework12 dec 2023Prior authorization required today for forex market transactions11 dec 2023The wholesale dollar price reached ARS364.417 dec 2023Activation of the Second Tranche of the Currency Swap18 oct 2023The BCRA raised the minimum rate on time deposits14 aug 2023BCRA increases monetary policy rate14 aug 2023Central Bank reserves management3 aug 2023The BCRA kept the monetary policy rate unchanged13 jul 2023The BCRA kept the monetary policy rate unchanged15 jun 2023The BCRA has increased the yield of savings in pesos15 may 2023The BCRA has increased the monetary policy rate and the rate on time deposits27 apr 2023BCRA Updates Monetary Policy Rate20 apr 2023The BCRA raises the yield on time deposits16 mar 2023The BCRA has streamlined the mechanism to provide sovereign bonds with greater liquidity7 mar 2023Monetary Policy Release, February 202316 feb 2023Monetary Policy Release, January 202312 jan 2023The BCRA and the PBC confirmed the currency swap agreement activation8 jan 2023Monetary Policy Release, December 202215 dec 2022The BCRA Will Continue to Monitor the Evolution of Inflation and the Exchange Market20 oct 2022BCRA increases monetary policy rate15 sep 2022Now LELIQs support savings of Argentine companies and households22 aug 2022The BCRA continues with the process to normalize the monetary policy rate11 aug 2022The BCRA accelerates process to normalize monetary policy rate and strengthens financial coordination with the Treasury28 jul 2022New monetary and financial policy rate corridor14 jul 2022The BCRA moves forward to a gradual simplification of the Minimum Cash Regime30 jun 2022The BCRA improves remuneration of savings in pesos16 jun 2022The BCRA raised the yield on time deposits12 may 2022The BCRA Increased the Monetary Policy Interest Rate22 mar 2022The BCRA raised the yield on deposits in line with the objectives and plans for 202217 feb 2022The BCRA redesigns monetary policy instruments to improve the conditions for macroeconomic stability6 jan 2022The BCRA established the objectives and plans for 202230 dec 2021The BCRA is investigating companies offering extraordinary returns on cryptoassets20 dec 2021The BCRA has laid down regulations for implementing the executive order that benefits companies that expand Argentina’s export capacity16 dec 20212021 Money and Banking Conference15 nov 20213.0 Transfers: Wallet providers still have time to produce credentials to participate in the National Payment System (NPS)9 nov 2021BCRA Statement: Normal Productive Activity at FATE14 oct 2021Clarification on Banco de Desarrollo de Jujuy S. E.27 aug 2021Updated monetary policy guidelines24 aug 2021Memorandum of Understanding with the People’s Bank of China21 jul 2021The BCRA continues harmonizing rates15 oct 2020The BCRA deems gender-inclusive language valid6 aug 2020The BCRA raised the minimum interest rate on time deposits29 may 2020The government announces the implementation of facilities to mitigate the increase in UVA-adjusted mortgage loan installments28 jan 2020The BCRA defined its monetary policy guidelines27 jan 2020The BCRA kept the monetary policy rate unchanged23 jan 2020The BCRA sets the floor of the interest rate on LELIQs at 58%19 dec 2019Decisions taken by the COPOM29 nov 2019Decisions taken by the COPOM29 nov 2019Decisions taken by the COPOM30 oct 2019Adjustments to safeguard foreign exchange stability27 oct 2019Decisions taken by the COPOM18 sep 2019Decisions taken by the Monetary Policy Council (COPOM)22 jul 2019Decisions taken by the COPOM1 jul 2019Decisions taken by the COPOM3 jun 2019Decisions taken by the COPOM31 jan 2019Decisions taken by the BCRA Monetary Policy Council2 jan 2019The BCRA simplifies minimum cash requirements with no impact on the monetary base20 dec 2018BCRA to reinforce monetary policy contractionary bias and to adapt regulations to the new monetary scheme28 sep 2018The BCRA implements a new monetary policy scheme28 sep 2018New Monetary Policy Council7 aug 2018LEBAC bills | Auction result | Tuesday, July 17, 201818 jul 2018BCRA takes measures to improve market performance18 jun 2018The BCRA takes measures to stabilize the market4 may 2018Press Conference | Inflation Targets for 2018-202028 dec 2017The BCRA modifies the calculation of banks' minimum reserve requirements26 oct 2017The BCRA Kept its Monetary Policy Rate Unchanged at 24.75%.21 feb 2017The BCRA keeps its monetary policy rate unchanged at 24.75%31 jan 2017The BCRA keeps its monetary policy rate unchanged at 24.75%24 jan 2017The BCRA keeps its monetary policy rate unchanged at 24.75%10 jan 2017The BCRA keeps its monetary policy rate unchanged at 24.75%3 jan 2017The BCRA keeps its monetary policy rate unchanged at 24.75%27 dec 2016The BCRA keeps its monetary policy rate unchanged at 24.75%20 dec 2016The BCRA reduced its monetary policy rate by 50 basis points to 27.25%13 dec 2016The BCRA keeps its monetary policy rate unchanged at 24.75%6 dec 2016The BCRA keeps its monetary policy rate unchanged at 24.75%29 nov 2016The BCRA reduced its monetary policy rate by 50 basis points to 25.25%22 nov 2016The BCRA Lowered its Benchmark Interest Rate by 50 Basis Points.15 nov 2016The BCRA Reduces its Monetary Policy Rate by 50 Basis Points to 26.25%.8 nov 2016The BCRA Kept its Monetary Policy Rate Unchanged at 26.75%.1 nov 2016The BCRA Kept its Monetary Policy Rate Unchanged at 26.75%.25 oct 2016The BCRA Kept its Monetary Policy Rate Unchanged at 26.75%.18 oct 2016The BCRA keeps its monetary policy rate unchanged at 26.75%4 oct 2016The BCRA keeps its monetary policy rate unchanged at 26.75%27 sep 2016The BCRA reduced its monetary policy rate by 50 basis points to 26.75%20 sep 2016The BCRA reduced its monetary policy rate by 50 basis points to 27.25%13 sep 2016The BCRA reduced its monetary policy rate by 50 basis points to 27.75%6 sep 2016The BCRA reduced its monetary policy rate by 50 basis points to 28.25%30 aug 2016The BCRA reduced its monetary policy rate by 50 basis points to 28.75%23 aug 2016The BCRA reduced its monetary policy interest rate by 50 basis points to 28.75%23 aug 2016The BCRA reduced its monetary policy rate by 50 basis points to 29.25%16 aug 2016The BCRA reduced its monetary policy interest rate by 50 basis points to 28.75%16 aug 2016The BCRA reduced its monetary policy interest rate by 25 basis points to 29.75%9 aug 2016Improvements in the way of showing the explanatory factors of the monetary base24 jun 2016