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.
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