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Argentina’s Central Bank Publishes Standard Interest Rate for Pending Labor Lawsuits

The move seeks to bring uniform, transparent interest updates to labor cases long plagued by inconsistent court criteria.

Overview

  • The Banco Central de la República Argentina set the applicable passive rate as the weighted average of the daily effective rate paid on 30‑day peso time deposits.
  • A historical series beginning on June 3, 1993 was released and will be updated daily to support consistent calculations.
  • An online calculator is available to compute updated amounts by entering an initial sum and the relevant period using the published series.
  • The tool also displays CER+3 and 67% of CER+3, reflecting the statutory ceiling and floor for interest under Article 55 of Law 27.802.
  • The package aims to increase predictability and homogeneity in judicial settlements, while a CGT amparo seeking to halt the labor reform remains pending.