After the publication of the Market Expectations Survey (REM) at the beginning of December, the monetary authority decided to cut the reference rate from 35% TNA to 32%. This fact has a direct implication on fixed deadlines.
After the Central Bank (BCRA) announced a rate cut at the beginning of the month, the yields on traditional 30-day fixed terms stabilized around 30% annually.
After the publication of the Market Expectations Survey (REM) at the beginning of December, the monetary authority decided to cut the reference rate from 35% TNA to 32%. This fact has a direct implication on fixed terms, remunerated accounts and the dollar.
Thus, the reference Monthly Effective Rate (TEM) was established at 2.6%, slightly above November inflation, which reached 2.4%.
pesos salaries inflation parity
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Fixed term: how much each bank pays
- Orange X: 35%*
- Voii bank: 35%
- Bica Bank: 35%
- CMF Bank: 35%
- Meridian Bank: 34%
- Regional Credit Financial Company: 34%
- Banco del Chubut: 33.5%
- ICBC: 32.35%
- Banco Julio: 32%
- Credicoop Bank: 31%
- Macro Bank: 30.5%
- Mortgage Bank: 30.27%
- BBVA Bank: 30.25%
- Banco Nación: 30%
- Comafi Bank: 30%
- BiBank: 30%
- Bank: 30%
- Tierra del Fuego Bank: 30%
- Current Bank: 30%
- Provincial Bank: 29%
- Dino Bank: 29%
- City Bank: 28%
- Banco del Sol: 28%
- Galicia More: 28%
- Banco Galicia: 28%
- Santander: 27%
- Banco Masventas: 23.5%
* Product called bottles with a 28-day term
Source: Ambito
