Argentina is by far the Latin American country with the highest monetary policy rate as of 2018. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. The base interest rate defined by Argentina's Central Bank more than doubled from 12.25 percent in 2010 to 26.42 percent in 2017.
Monetary policy rate in Argentina from 2010 to 2017
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Economic Commission for Latin America and the Caribbean. (December 24, 2018). Monetary policy rate in Argentina from 2010 to 2017 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1060477/argentina-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary policy rate in Argentina from 2010 to 2017." Chart. December 24, 2018. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1060477/argentina-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. (2018). Monetary policy rate in Argentina from 2010 to 2017. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1060477/argentina-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean. "Monetary Policy Rate in Argentina from 2010 to 2017." Statista, Statista Inc., 24 Dec 2018, https://www.statista.com/statistics/1060477/argentina-monetary-policy-rate/
Economic Commission for Latin America and the Caribbean, Monetary policy rate in Argentina from 2010 to 2017 Statista, https://www.statista.com/statistics/1060477/argentina-monetary-policy-rate/ (last visited November 21, 2024)
Monetary policy rate in Argentina from 2010 to 2017 [Graph], Economic Commission for Latin America and the Caribbean, December 24, 2018. [Online]. Available: https://www.statista.com/statistics/1060477/argentina-monetary-policy-rate/