Overview
- The BCRA set a 2026 target to accumulate between US$10 billion and US$17 billion in liquid international reserves.
- The exchange rate will float within bands that adjust monthly at the pace of the latest available inflation reading with a two‑month lag.
- Daily reserve purchases will be capped at 5% of foreign‑exchange market liquidity, with block purchases allowed to prevent market disruption.
- Monetary policy will keep a contractionary bias while local inflation exceeds international levels, using open‑market operations and repos to manage liquidity.
- The bank will resume its Quarterly Monetary Policy Report in January and will design a tool for collecting household loan installments usable by banks and non‑bank lenders.