# Decisions taken by the Monetary Policy Council (COPOM) | BCRA

> Argentina's Monetary Policy Council says the central bank is overcomplying with its monetary base target. The benchmark interest rate rose 13.5 percentage points since end-February to 63.66%. The bank plans further measures to tighten control of monetary aggregates and curb inflation.

- Date: 2019-03-14 · published 2019-03-14T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/60376-decisions-taken-by-the-monetary-policy-council-copom-bcra
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Sharply higher interest rates make it costlier for Argentine crushers and feed mills to finance operations, which can slow domestic demand for soymeal and corn. Tighter policy also supports the peso, which can encourage faster export sales from farmers.

## Read by commodity

- USDARS: neutral

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/decisions-taken-by-the-monetary-policy-council-copom-10/

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