Monetary hardening triggered the cost of short -term financing: companies pay up to 80% per year for discovered and 77% in checks, which slows the activity and forces to look for alternatives.
The decision of the economic team of harden monetary policy To contain the rise from the dollar He is already impacting the real economy. The cost for companies to finance in the short term was shot in recent weeks: the rate to be discovered into current account jumped from 35% to 80% per year, which slows the activity and forces companies to redesign their financial strategy.
The effect was replicated in the check discountkey tool for SMEs, where the annual rate went from less than 40% to exceed the 77% in some banking entities.
Faced with the extreme increase in credit, companies began to modify their behavior. Two are the main alternatives that today displace bank financing:
-
Indebtedness with suppliers: It seeks to transfer the financial cost along the payment chain, extending collection and payment deadlines.
-
Greater cash tenure: Many companies increase their liquidity in cash to cover potholes without resorting to advances in current account.
As a consequence of this turn, the total stock of bank advances in current account fell a 11% since mid -Julyaccording to data from the Province Bank.
pesos.jpg
Fixed deadlines: rates are approaching 50% per year and doubles inflation
The rates of the fixed deadlines They are still rising Before the least liquidity in the economy and some banks already offer almost 50% per year at 30 days. The movement occurs in a context of Monetary tourniquet And in parallel with the Upload of stock and LECAPS cion.
According to the fees comparator of the Central Bank (BCRA)the Annual Nominal Rate (TNA) For 30 -day placements it ranges from 35% and 48.50%according to the entity.
With monthly inflation near the 2%fixed deadlines are consolidated as a profitable option in real terms: the Effective monthly rate (TEM) Trepa al 4%that is, the double that the CPI.
Source: Ambito
