Central Bank of Argentina

The BCRA implemented changes to recurring DEBINs and pull transfers to improve processes and make them safer to prevent fraud.

The Board has decided to keep the monetary policy rate at 118% APR (209% EAR). The goal is to obtain positive real returns on investments in pesos.

Here are the results of August´s survey with the main macroeconomic forecasts on the evolution of selected variables.

This report analyzes the development of the monetary base, international reserves and the foreign exchange market, among other indicators.

The Board of the BCRA modified the affidavit signed by companies, their directors and shareholders to access the forex market.

09/13/2023

09/14/2023

Monetary Base Total (in million pesos) 09/22/2023	6,464,331
Monthly Inflation August 2023	12.4%
Y.o.y. Inflation August 2023	124.4%
Expected Inflation - REM 12 months MEDIAN (y.o.y.% change) Average top 10 forecasters (y.o.y.% change) August 2023	197.5% 203.2%
Monetary Policy Interest Rate (APR %) (EAR %) 26/09/2023	118.00 209.45
Overnight Reverse Repos Interest Rate (APR %) (EAR %) 26/09/2023	111.00 202.93
7-Day Reverse Repos Interest Rate (APR %) (EAR %) 04/02/2022	32.00 37.58
Early-payment fixed interest rate for UVA early-payment deposits (APR %) 27/09/2023	108.93
Minimum Interest Rate for Natural Persons’ Time Deposits up to $1 Million (APR %) (EAR % for 30-day deposits) 27/09/2023	118.00 208.40
BADLAR Rate in Pesos at Private Banks (APR %) (EAR %) 25/09/2023	112.88 193.39
Retail Exchange Rate (ARS/USD) Com. B 9791 \| Selling rate average 09/26/2023	366.98
Wholesale Exchange Rate (ARS/USD) Com. A 3500 \| Benchmark 09/26/2023	350.03
UVA (ARS with two decimal places, basis 03.31.2016=14.05) 27/09/2023	333.91
Reference Stabilization Coefficient (CER) (2.2.2002=1 Basis) 27/09/2023	132,7408
ICL - Law No. 27,551 (basis 06.30.20=1) 27/09/2023	5,57
BCRA's international Reserves (in million USD) 09/22/2023	27,254