# Argentina Monetary Policy February 2019 - FocusEconomics

> On 28 February the Central Bank of Argentina tightened its foreign exchange intervention rules to fight inflation. It raised the daily dollar sales limit to USD 150 million from USD 75 million when the peso moves above the non-intervention band, and cut the daily purchase limit to USD 50 million from USD 75 million. The bank also said it has exceeded its 0% monetary base growth target.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/60885-argentina-monetary-policy-february-2019-focuseconomics
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The larger sales capacity gives the central bank more power to hold the peso steady, which limits the export price advantage Argentine farm goods would otherwise gain from depreciation. This supports stable Argentine export prices for meal and grain.

## Read by commodity

- USDARS: bearish ▼

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/argentina/news/monetary-policy/central-bank-tightens-fx-intervention-rules-to-curb/

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