# The BCRA sets the crawling peg at 1% per month | BCRA

> 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.

- Date: 2025-01-16 · published 2025-01-16T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/26797-the-bcra-sets-the-crawling-peg-at-1-per-month-bcra
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/el-bcra-establece-un-nuevo-sendero-de-desplazamiento-de-1-mensual-para-el-tipo-de-cambio/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.