# The BCRA accelerates process to normalize monetary policy rate and strengthens financial coordination with the Treasury | BCRA

> The central bank raised the rate on 28-day LELIQs from 52% to 60% and lifted minimum deposit rates. It cited price volatility and financial fluctuations unrelated to Argentina's fundamentals, and said it would accelerate normalizing the policy rate.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/40770-the-bcra-accelerates-process-to-normalize-monetary-policy-rate-and-strengthens
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Higher peso interest rates tend to support the currency and reduce pressure on the official exchange rate. A firmer peso can slow Argentine export selling of grains and meal, modestly supporting world prices.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/bcra-accelerates-process-to-normalize-monetary-policy-rate-and-strengthens-financial-coordination-with-treasury/

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