Buenos Aires, April 27th, 2018. In light of the dynamics of the foreign exchange market, the Monetary Policy Committee of the BCRA held an unscheduled meeting and decided to raise its monetary policy interest rate—the center of the 7-day repo corridor—by 300 basis points, to 30.25%. The monetary authority has taken this decision with the aim of ensuring the disinflation process. Also, it is ready to take action anew, if necessary.
The BCRA will go on using all the tools available and conducting its monetary policy to reach its intermediate inflation target of 15% in 2018.