Overview
- The BCRA published its 2026 framework for monetary, exchange‑rate, financial and credit policy, prioritizing disinflation via strict control of the monetary base and remonetization.
- From January 1, the exchange rate will float within bands whose floor and ceiling update monthly by the INDEC inflation index with a two‑month lag.
- A pre‑announced reserves purchase program also begins January 1 with daily operations initially equal to 5% of FX market volume and with the option of block purchases.
- BCRA President Santiago Bausili signaled planned purchases of between US$10 billion and US$17 billion, contingent on the Treasury rolling over maturities and securing market funding.
- Authorities will release CERA deposits under US$100,000—estimated at more than US$20 billion—while continuing to relax currency controls and promote dollar‑denominated debt issuance.