The benchmark interest rate in Argentina was last recorded at 32 percent. This dataset provides the latest reported value for - Argentina Money Market Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Argentina Policy Rate

• Argentina cash rate (Interest Rate: Financial Institution Deposit: 30 Days) was set at 27.74 % in Feb 2025, compared with 28.72 % in the previous Jan 2025.
• Argentina Policy Rate averaged 17.09 % and is updated monthly, available from Jan 1985 to Feb 2025.
• The data reached an all-time high of 1,010.56 % in May 1989 and a record low of 0.00 % in Jul 1990.

• In the latest reports, Argentina Short Term Interest Rate: Month End: Argentina: Up to 15 Days Interbank Call Rate (BAIBAR) was reported at 31.80 % pa in Jul 2021.
• Argentina Exchange Rate against USD averaged 254.03 (USD/ARS) in Jun 2023.
• Its Real Effective Exchange Rate was 50.18 in Feb 2025.

Argentina is by far the Latin American country with the highest monetary policy rate as of 2018. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. The base interest rate defined by Argentina's Central Bank more than doubled from 12.25 percent in 2010 to 26.42 percent in 2017.

Argentina AR: Real Interest Rate data was reported at -16.227 % pa in 2023. This records a decrease from the previous number of -10.074 % pa for 2022. Argentina AR: Real Interest Rate data is updated yearly, averaging -7.321 % pa from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 12.104 % pa in 2019 and a record low of -16.227 % pa in 2023. Argentina AR: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.;;

Interbank Rate in Argentina decreased to 32.42 percent in February from 36.04 percent in January of 2025. This dataset provides - Argentina up to 15 Days Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Argentina AR: Deposit Interest Rate data was reported at 94.997 % pa in 2023. This records an increase from the previous number of 52.417 % pa for 2022. Argentina AR: Deposit Interest Rate data is updated yearly, averaging 22.725 % pa from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 94.997 % pa in 2023 and a record low of 9.167 % pa in 2010. Argentina AR: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

Argentina AR: Interest Rate Spread data was reported at 0.897 % pa in 2023. This records an increase from the previous number of -0.018 % pa for 2022. Argentina AR: Interest Rate Spread data is updated yearly, averaging 2.852 % pa from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 19.967 % pa in 2019 and a record low of -0.018 % pa in 2022. Argentina AR: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;Median;

Key information about Argentina Short Term Interest Rate

• Argentina Short Term Interest Rate: Month End: Argentina: Up to 15 Days Interbank Call Rate (BAIBAR) was reported at 31.80 % pa in Jul 2021, compared with 30.84 % pa in the previous month.
• Argentina Short Term Interest Rate data is updated monthly, available from Jan 1999 to Jul 2021.
• The data reached an all-time high of 663.09 % pa in Nov 2001 and a record low of 1.23 % pa in Apr 2004.
• Short Term Interest Rate is reported by reported by Central Bank of Argentina.
• The cash rate (Interest Rate: Financial Institution Deposit: 30 Days) was set at 90.83 % in May 2023.
• Argentina Exchange Rate against USD averaged 235.87 (USD/ARS) in May 2023.

Inflation in Argentina was 54 percent in 2019, before falling to 42 percent in 2020. Despite Argentina's fluctuating economic instability over the twentieth century, the largest factor in its current economic status is the legacy of poor fiscal discipline left by the economic depression from 1998 to 2002. Although data is not available from 2014 to 2016, Argentina's inflation rate has been among the highest in the world for the past five years.

What causes inflation?

Inflation is a rise in price levels for all goods. Major causes of inflation include an increase in money supply, low central bank interest rates, and expectation of inflation. In a country such as Argentina, the expectation can be one of the biggest obstacles. People expect inflation to be high and demand increasing wages, and firms continue raising prices because they expect the costs of inputs to increase. Banks follow suit, charging high interest rates on fixed deposits.

Effects of inflation

Inflation negatively affects savers. 100 Argentinian pesos in 2018 was worth just under 75 pesos in 2019, after adjusting for the 34 percent inflation rate. Similarly, frequently changing prices has its own inherent cost, called “menu cost” after the price of printing new menus. Inflation will also have a positive effect on national debt when that debt is denominated in Argentinian pesos, because the pesos will be cheaper when the loan matures. However, the majority of Argentina’s debts are in foreign currency, which means that inflation will make these debts larger in peso terms.

Inflation Rate in Argentina decreased to 66.90 percent in February from 84.50 percent in January of 2025. This dataset provides the latest reported value for - Argentina Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Lending interest rate of Argentina rocketed by 83.01% from 52.40 % in 2022 to 95.89 % in 2023. Since the 56.30% drop in 2020, lending interest rate shot up by 226.31% in 2023. Lending interest rate is the rate charged by banks on loans to prime customers.

Argentina AR: Lending Interest Rate data was reported at 95.894 % pa in 2023. This records an increase from the previous number of 52.399 % pa for 2022. Argentina AR: Lending Interest Rate data is updated yearly, averaging 27.984 % pa from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 95.894 % pa in 2023 and a record low of 10.557 % pa in 2010. Argentina AR: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

This statistic presents the average credit card interest rate in Latin America in 2018, sorted by selected countries. The highest interest rate among the countries shown was found in Brazil, with an average interest of 312.9 percent. Argentina came in second, with 107.07 percent.

Forecast: Bank Lending Interest Rate in Argentina 2024 - 2028 Discover more data with ReportLinker!

This statistic presents the average consumer interest rates in selected countries in Latin America in 2018. The highest interest rate among the countries shown was found in Argentina, with an average consumer interest of 63.8 percent. Financial institutions in Costa Rica offered the lowest consumer interest rates, amounting to less than 16 percent.

As of August 2023, the country with the highest deposit interest rate worldwide was Argentina, where the interest rate was as high as 113 percent. Second in the list came an African country, Zimbabwe, where the interest rate reached 110 percent.

Argentina Reference Interest Rate: BCRA: Reverse Repo: Overnight data was reported at 29.000 % pa in Feb 2025. This records a decrease from the previous number of 31.900 % pa for Jan 2025. Argentina Reference Interest Rate: BCRA: Reverse Repo: Overnight data is updated monthly, averaging 12.350 % pa from Jun 2004 (Median) to Feb 2025, with 249 observations. The data reached an all-time high of 126.000 % pa in Nov 2023 and a record low of 2.060 % pa in Nov 2004. Argentina Reference Interest Rate: BCRA: Reverse Repo: Overnight data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M001: Policy Rate.

Argentina Reference Interest Rate: BCRA: Reverse Repo: 7 Days data was reported at 38.360 % pa in Aug 2018. This records an increase from the previous number of 37.000 % pa for Jul 2018. Argentina Reference Interest Rate: BCRA: Reverse Repo: 7 Days data is updated monthly, averaging 9.500 % pa from Jul 2004 (Median) to Aug 2018, with 170 observations. The data reached an all-time high of 38.360 % pa in Aug 2018 and a record low of 2.500 % pa in Dec 2004. Argentina Reference Interest Rate: BCRA: Reverse Repo: 7 Days data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M001: Policy Rate.

The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. In Argentina, the CPI in April 2024 was 289 percent higher than the one registered the same month of the previous year, with this figure being the largest monthly inflation rate since, at least, the beginning of 2018. The Argentinian inflation rate has been experiencing a steep increase from December 2020 onwards, when the decreasing trend witnessed since December 2019 came to an end. Long history of inflation in Latin America High inflation rates are nothing new in Latin America. In 2023, the region's inflation rate was 14.41 percent, while the global average was much lower at 6.78 percent. Nonetheless, the main drivers of this are Venezuela and Argentina, both being in the upper table of countries with the highest inflation rates in the world. During the last few years, Venezuela entered a period with five-digits inflation rates, having to issue a new currency and implementing new policies to control price increases.

A history of hyperinflation During the last couple of years, inflation has been a constant among the main problems the Argentine society faces. The country returned to a three-digit inflation rate with former president Alberto Fernández, and the constant price increases took a toll on households across the board. Nevertheless, the problem is far from a recent one or the worst it's ever been, in 1989 and 1990, the inflation rate was over 2,000 percent, reaching for the status of hyperinflation. Commonly, hyperinflation is defined as price increases with over 50 percent per month.

Innskuddsrenten i Argentina gikk ned til 31,30 prosent i januar fra 32,90 prosent i desember 2024. Gjeldende verdier, historiske data, prognoser, statistikk, diagrammer og økonomiske kalender - Argentina - Innskudd rente.