# Against all odds: the monetary base fell more than 13% in the past 12 months and Milei confirmed he has no intention of loosening it

> Argentina’s monetary base fell 13.3% in real terms year over year through October 29, according to a private consultancy. President Javier Milei rejected calls to loosen monetary or fiscal policy, while the central bank has been limiting excess money supply and the Treasury has been rolling over more than 100% of maturing debt.

- Date: 2026-11-09 · published 2026-11-09T06:12:52.662Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/88833-against-all-odds-the-monetary-base-fell-more-than-13-in-the-past-12-months-and
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Continued monetary restraint may support the peso and limit inflation, moderating local-currency costs for imported feed. It also restrains domestic liquidity and demand; the article does not identify a direct commodity supply change.

## Read by commodity

- USDARS: bearish ▼

## Sources

- infobae.com: https://www.infobae.com/economia/2026/11/09/contra-viento-y-marea-en-los-ultimos-12-meses-la-base-monetaria-cayo-mas-del-13-y-milei-ratifico-que-no-piensa-aflojarla/

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