The Central Bank of Argentina (BCRA) approved the dissemination of a new statistical series, the Moratory Interest Rate (TIM), to provide courts with a benchmark for setting default interest on peso-denominated debts under section 768(c) of Argentina’s Civil and Commercial Code, and submitted the project to public consultation. The TIM is calculated as the average of a passive interest rate (30-day peso time deposits) and an active interest rate (the weighted average rate on peso loans granted through single-signature documents and personal loans). The daily effective rate used in the calculation is constrained within bands linked to the daily variation of the Reference Stabilization Coefficient (CER), with a ceiling of CER plus 3% effective annual and a floor of CER minus 3% effective annual. A TIM calculator will be made available in the BCRA’s Services and Procedures section to estimate interest and resulting amounts for a given principal and period, alongside publication of the corresponding resolution and methodological annex. The historical series will also be available in the Statistics and Indicators section, updated daily and downloadable in Excel format.
Central Bank of Argentina 2026-01-08
Central Bank of Argentina approves publication of Moratory Interest Rate series to guide court-set default interest on peso debts
The Central Bank of Argentina approved the dissemination of the Moratory Interest Rate (TIM) as a benchmark for courts setting default interest on peso-denominated debts, and submitted the project for public consultation. The TIM, calculated from passive and active interest rates, is constrained within bands linked to the Reference Stabilization Coefficient (CER), with a ceiling of CER plus 3% and a floor of CER minus 3% effective annual.