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# Argentina's BCRA Slows Crawling Peg Depreciation Rate to 1% Per Month
- URL: https://www.theglobalbanker.com/bcra-argentina-crawling-peg-1-percent-per-month-january-2025/
- Published: 2025-01-16T10:18:00.000Z
- Updated: 2026-11-01T17:03:26.000Z
- Description: The Banco Central de la República Argentina reduced the monthly crawling peg rate from 2% to 1%, citing the consolidation of lower inflation and expectations of further disinflation.
- Author: TGB Editorial Team
- Tags: Central Banks, Americas, #archive

The Banco Central de la República Argentina announced on 14 January 2025 that it would reduce the pace of the crawling peg from 2% to 1% per month from 1 February, halving the rate of pre-announced nominal peso depreciation. 

Argentina has operated a managed crawling peg — a mechanism under which the authorities set a published rate of nominal currency depreciation — as a central element of its macroeconomic stabilisation framework. 

#### INFLATION

The BCRA characterised the move as consistent with the lower inflationary environment now prevailing.