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

> The Central Bank of Argentina (BCRA) cut its monetary policy rate, with the reverse-repo benchmark set at 80% annual from March 12. It also ended the minimum interest rate on time deposits. The bank cited falling retail inflation and improved liquidity conditions.

- Date: 2024-03-11 · published 2024-03-11T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/31489-bcra-s-actions-in-view-of-the-development-of-the-economic-context-and-liquidity
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Lower rates and a calmer monetary backdrop support peso stability, which can reduce Argentine farmers' incentive to hold back soybean and corn sales and modestly ease export supply pressure.

## Read by commodity

- USDARS: bearish ▼

## 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/

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