# Argentine central bank cuts basic rate to 28%; annual inflation target 15% — MercoPress

> Argentina's central bank cut its policy rate to 28% from 28.75%, its first cut in 14 months. It also set a 2018 inflation target of 15% and new targets of 10% for 2019 and 5% for 2020.

- Date: 2018-01-10 · published 2018-01-10T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/67270-argentine-central-bank-cuts-basic-rate-to-28-annual-inflation-target-15
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower rates and a looser inflation path tend to weaken the peso, which can encourage Argentine oilseed exporters to sell and weigh on soymeal export prices.

## Read by commodity

- SBM: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-12-12 | [Argentina Sharply Devalues Its Peso Currency to Tame Inflation](https://feedsoft.ai/events/32998-argentina-sharply-devalues-its-peso-currency-to-tame-inflation.md) | -3.3% | -11.7% |
| SBM | 2022-11-26 | [Argentina to brings back exchange rate that led to IMF exception \| Buenos Aires Times](https://feedsoft.ai/events/38950-argentina-to-brings-back-exchange-rate-that-led-to-imf-exception-buenos-aires.md) | +3.4% | +11.2% |
| SBM | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | +9.8% | +13.7% |
| SBM | 2025-07-30 | [Argentina to resume soybean exports after official tax cut – CIARA-CEC](https://feedsoft.ai/events/13845-argentina-to-resume-soybean-exports-after-official-tax-cut-ciara-cec.md) | +3.6% | +11.9% |
| SBM | 2023-06-05 | [Argentina's soy dollar 3 close to revenue target, but not a success - Fastmarkets](https://feedsoft.ai/events/13961-argentina-s-soy-dollar-3-close-to-revenue-target-but-not-a-success-fastmarkets.md) | +0.1% | +4.0% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2018/01/10/argentine-central-bank-cuts-basic-rate-to-28-annual-inflation-target-15

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