# BCRA's actions in view of the development of the economic context and liquidity conditions | BCRA

> Argentina's central bank cut its monetary policy rate to 70% annual, relaxed access to the official exchange market for imports by small firms, and deactivated its swap agreement with the BIS. The bank cited falling retail inflation and a sharp slowdown in money issuance.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/31026-bcra-and-apos-s-actions-in-view-of-the-development-of-the-economic-context-and
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Monetary tightening and currency management shape peso stability, which affects Argentine farmer selling of soybeans, corn and meal. Changes in export incentives can shift Argentine oilseed flows into world markets.

## Read by commodity

- SBM: neutral
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-04-11 | [Beginning of stage 3 of the economic program with relaxation of currency restrictions and an exchange rate to float within a band \| BCRA](https://feedsoft.ai/events/25427-beginning-of-stage-3-of-the-economic-program-with-relaxation-of-currency.md) | -0.1% | -3.3% |
| SBM | 2019-11-29 | [Argentina’s currency controls: Tough lessons and tough decisions \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/56334-argentina-s-currency-controls-tough-lessons-and-tough-decisions-business-and.md) | +1.9% | +0.5% |
| SBM | 2023-09-01 | [Global impact of the EU’s anti-deforestation law](https://feedsoft.ai/events/34617-global-impact-of-the-eu-s-anti-deforestation-law.md) | -3.5% | -5.8% |
| SBM | 2020-01-01 | [Sustainability in Brazilian soy supply chain – the complexities of tackling deforestation – TheCircularEconomy.com](https://feedsoft.ai/events/55082-sustainability-in-brazilian-soy-supply-chain-the-complexities-of-tackling.md) | -1.0% | -2.8% |
| SBM | 2023-10-30 | [Let’s Talk About Soybeans and the Argentine Election \| CZ app](https://feedsoft.ai/events/33692-let-s-talk-about-soybeans-and-the-argentine-election-cz-app.md) | +0.4% | +4.9% |

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/bcra-actions-in-view-of-the-development-of-the-economic-context-and-liquidity-conditions-2/

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