The BCRA increased the monetary policy rate and fixed terms

Summary:

The Central Bank of Argentina (BCRA) has increased the monetary policy rate, raising the Le pavement (Leliq) rate to 133% for 28-day notes. Simultaneously, the BCRA has raised the minimum guaranteed interest rate on fixed-term deposits for individuals to 133% (11% effective monthly rate) for deposits up to 30 million pesos. For the rest of the fixed-time deposits of the private sector, the guaranteed rate is set at 126%. This decision aims to consolidate the trend of decreasing inflation, regulate financial volatility, and promote the accumulation of international reserves. The BCRA will continue to monitor the evolution of prices, foreign exchange market dynamics, and monetary aggregates to adjust its interest rate and liquidity management policies.