# The BCRA increases the monetary policy interest rate | BCRA

> The Central Bank of Argentina (BCRA) raised the 28-day LELIQ rate by 200 basis points, from 42.5% to 44.5%. It also raised minimum rates on peso time deposits to encourage full pass-through. The bank said the move is part of its 2022 plan to restore positive real returns on peso assets amid rising inflation.

- Date: 2022-03-22 · published 2022-03-22T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/42538-the-bcra-increases-the-monetary-policy-interest-rate-bcra
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Higher peso rates tend to support the peso and reduce pressure on the official exchange rate, which can ease pressure on domestic feed input costs. The bank's note also cites a commodity supply shock, linking the tightening to food price inflation.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/el-bcra-incremento-la-tasa-de-interes-de-politica-monetaria/

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