The Board of Directors of the Central Bank of the Argentine Republic (BCRA) decided to keep the monetary policy rate unchanged, based on the evolution of prices recorded in September, especially the Core CPI indicator, whose variation of 5.5% was below the general index.
The monetary authority considers that the reference rate contributes to consolidating financial and exchange stability and will continue to monitor the evolution of prices within the framework of the normalization of monetary policy.
The Board of Directors of the BCRA pays special attention to the past and prospective evolution of the general price level and the dynamics of the exchange market.
This action is complemented by coordination with the Ministry of Economy of the Nation so that the structure of interest rates of the BCRA presents a reasonable relationship with the letters of the National Treasury.
The Central Bank will continue to actively use the monetary policy interest rate and the structure of regulated passive and active rates, as well as all other available instruments. Among them, its commitment to carefully control the evolution of monetary aggregates, as well as interventions aimed at avoiding excessive financial volatility that could negatively affect price formation, also stands out.
