The BCRA increased the monetary policy rate

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Summary:

The Argentine Central Bank (BCRA) has increased the monetary policy rate by 21 percentage points to 118% (209% effective annual rate). This decision aims to recalibrate the interest rates of monetary regulation instruments, anchoring exchange rate expectations and minimizing price inflation, while promoting real returns on local currency investments and international reserve accumulation. The BCRA will continue to monitor general price levels, financial market dynamics, and money balances to calibrate its interest rate policy.

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