Central Bank of Argentina Interest Rate Cut to 39% from 42% – Currency Thoughts

Central Bank of Argentina Interest Rate Cut to 39% from 42%

January 31, 2025

The Central Bank of Argentina’s policy interest rate has been reduced another 300 basis points following a similar cut in December, a five percentage point reduction in November and a combined 60 percentage points of easing in the first half of last year. At 39%, the new rate level is down from 126% reached for a brief two months before the initial cut of this cycle in December 2023. Likewise Argentine consumer price inflation has receded from 292% in April 2024 to a 17-month low of 117.8% last month. Core inflation has shrunk more quickly to 105% from 300%.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

Tags: Central Bank of Argentina

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on Friday, January 31st, 2025 at 8:30 am and is filed under Central Bank Watch.
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