In accordance with section 42 of the Central Bank's Charter "prior to the beginning of each financial year, the Bank shall publish its objectives and plans regarding the implementation of the monetary, financial, lending and foreign exchange policies. Should significant changes in its objectives and plans occur, the Bank shall be required to disclose the underlying causes and the steps accordingly taken”.
Pursuant to Section 3 of the Central Bank’s Charter, the main purpose of the Central Bank is to ensure monetary stability in Argentina.
As from September 2016, inflation targeting has enabled to consolidate—for the first time in many years—a declining inflation expectation for the coming years. Moreover, the Central Bank seeks to encourage the stability and growth of the financial sector with a view to achieving its ultimate objective: economic development with social equality.
The third pillar of the Central Bank is to promote the streamlining of means of payment.
Based on these fundamental guidelines, the Central Bank announces the following objectives and plans for the coming year: