World Economy/Argentina

🇦🇷

Argentina

ARG

Americas • Sovereign Currency: ARS

Analyze Argentina with Schema AI

Nominal GDP

$0.64T

2024

Annual GDP Growth

-3.8%

YoY Q2 2024

Inflation (CPI)

193.0%

Oct 2024 YoY

Policy Rate

35.00%

BCRA Benchmark

10Y Sovereign Yield

24.50%

Bono Global 10Y

Unemployment Rate

7.6%

Q2 2024

Debt-to-GDP

86.4%

2024

Trade Balance

+$1.7B

Oct 2024

BLOOMBERG ECONOMICS MONETARY POLICY TRANSMISSION

🇦🇷BANCO CENTRAL DE LA REPÚBLICA ARGENTINA POLICY DASHBOARD

Target Instrument: Tasa de Política Monetaria • Sovereign: Argentina (ARG)

STANCE: hawkish

Next Meeting: 2026-12-15

LOOSER CONDITIONSIN LINE WITH TARGETTIGHTER CONDITIONS

STATUTORY BENCHMARK

35.00%Unchanged (0 bps)

Tasa de Política Monetaria

REAL CARRY SPREAD (r - π)

-158.00%

Accommodative Stimulus

OVERNIGHT BENCHMARK (O/N)

N/A

Statutory money market fixing

YIELD CURVE SLOPE (10Y - r)

-10.50%

Inverted Term Structure

WAGES & PRICES2 METRICS

Headline CPI Inflation (YoY)Oct 2024 YoY

Elevated above price stability band (+191.0% vs target)

INDECRef

193.00%

TIGHTER

Distance to Inflation Target (2.0%)Oct 2024 YoY

Headline inflation exceeds 2% anchor by 191.00 percentage points

INDECRef

+191.00%

TIGHTER

SUPPLY & DEMAND2 METRICS

Annual Real GDP Growth RateQ2 2024

Contractionary output territory

INDECRef

-3.80%

TIGHTER

Unemployment Rate (Labor Slack)Q2 2024

Elevated civilian labor slack exerting downward wage pressure

INDECRef

7.60%

MILD TIGHT

FINANCIAL CONDITIONS4 METRICS

Tasa de Política MonetariaBCRA Benchmark

Official statutory policy target rate set by Banco Central de la República Argentina

BCRARef

35.00%

TIGHTER

Real Carry Rate (Policy - CPI)Calculated

Negative real rate stance subsidizing borrowing costs

Banco Central de la República Argentina vs INDEC

-158.00%

TIGHTER

10-Year Sovereign Benchmark YieldBono Global 10Y

Long-term sovereign borrowing benchmark discounting term premium & inflation risk

BYMARef

24.50%

MILD TIGHT

Yield Curve Slope (10Y - Policy Rate)Calculated

Inverted yield curve by 10.50% signaling restrictive monetary drag

Sovereign Debt Desk vs Central Bank Target

-10.50%

TIGHTER

EXTERNAL & FISCAL2 METRICS

Current Account / Trade BalanceOct 2024

Trade balance surplus reinforcing sovereign foreign exchange buffer

INDECRef

+$1.7B

MILD LOOSE

General Government Debt / GDP2024

Moderate sovereign debt overhang requiring disciplined budget management

Ministry of EconomyRef

86.40%

MILD TIGHT

HISTORICAL RATE DECISION TRAJECTORY (TASA DE POLÍTICA MONETARIA)

Verified Chronological Decisions

2026-10-09

35.00%

Policy Assessment Summary: Monetary policy benchmark rate.