LatinNews Daily - 16 December 2025

*Argentina’s central bank (BCRA) has announced a new phase in its monetary programme, which will see changes to its exchange rate system and international reserves accumulation from 1 January. In a statement, the BCRA announced that the ceiling and floor of the peso’s floating exchange rate band will be adjusted each month in line with the monthly inflation rate as reported by the national statistics institute (Indec). This will replace the current system of a pre-set 1% monthly adjustment. Also starting 1 January, the BCRA will initiate a programme to accumulate international reserves “consistent with the evolution of money demand and liquidity in the foreign exchange market”. It said it aims to purchase US$10bn, and potentially up to US$17bn, subject to balance of payment flows, and that it intends to expand the monetary base to 4.8% of GDP by the end of 2026 from its current 4.2%. The BCRA said that the new programmes aim to consolidate price stability and prioritise the goal of bringing domestic inflation in line with international inflation levels.

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