Argentina

Negative in real terms

Policy rate

29.00%

Last move Jan 2025

Inflation

219.88%

As of null

Real policy rate

-190.88%

Policy rate less inflation

Debt to GDP

70.40%

2026 est.

Inflation targetNone published

Policy rate vs target—

Last move-300 bps cut

Months at current rate—

Real GDP growth3.50%

Next scheduled decisionNot published

Policy rate path, latest five years.

The verdict

Argentina sets its policy rate at 29.00%, against inflation of 219.88% — a real rate of -190.88%, with the policy rate sitting below the inflation rate. The most recent decision was a 300bp cut in Jan 2025. Inflation targeting: No explicit inflation target. On the fiscal side, the economy carries government debt of 70.4% of GDP (2026 est.) and real GDP growth of 3.5%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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