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The central bank (BCRA) announced it will set the crawling peg at 1% per month from February 1, 2025, down from 2%. It cited consolidating inflation and expectations of lower inflation, and said the exchange rate adjustment will serve as a supplementary anchor for inflation expectations.
A slower peso devaluation makes Argentine farm exports less price-competitive over time, which could support international soymeal and corn prices if farmers hold back sales. The effect is modest because FX controls remain in place.
bcra.gob.arWinograd ErickJan 16, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
