This publication analyzes the economic situation, assesses inflation dynamics and outlooks, and explains the rationale for monetary policy decisions.

Vladimir Werning, gave the presentation "Argentina: Economic Program Phase 4. Post-election financial normalization paves the way for reforms, remonetization, and reserve purchases."

The cancellation was made in December, under the USD 20 billion exchange stabilization agreement announced on October 20, 2025.

The Board of Directors approved the dissemination of a new statistical series, the Moratory Interest Rate (TIM), within the framework of the provisions of section 768(c) of the Civil and Commercial Code of Argentina.

The transaction was for a term of 372 days, at an interest rate equivalent to the SOFR in U.S. dollars plus an average spread of 400 basis points, which is equivalent to an annual rate of 7.4%.

The Central Bank of Argentina informs about the availability of a new tool that provides key data on the rates applied to financial institutions in each municipality of the country. This initiative, promoted by the Ministry of Economy, aims at strengthening fiscal transparency in local governments.

The Board of Directors of the BCRA approved, as required by Article 42 of the Charter, its annual guidelines for the development of monetary, financial, credit and exchange rate policies.

Introducing the new website: updated design, reorganized contents and improved security. Access daily variables, reports, news, procedures and services, and explore the data catalog with dynamic filters.

The Central Bank of the Argentine Republic announces the beginning of a new phase of reserve accumulation supported by the growth and re-monetization of the economy.

Vladimir Werning spoke at the LarrainVial AMI International Investor Seminar on December 4.