The Board of the BCRA has kept the monetary policy rate unchanged. In May, monthly inflation rate has been slowing down since April in line with the forecast of the BCRA. High-frequency indicators of wholesale and retail prices monitored by the BCRA suggest a further slowdown in the pace of price growth so far in June.
The BCRA will keep on monitoring the development of the general level of prices, the forex market dynamics, and the monetary aggregates to calibrate the interest rate and liquidity management policies.
June 15, 2023