The 28-day ‘Leliq’ will have a nominal annual yield of 42.5% (TNA), equivalent to an effective annual rate (TEA) of 51.9%, while the 180-day ‘Leliq’ has a yield of 47%, or 52.6% as TEA.
“Overcoming the health crisis, the BCRA ratified in the 2022 Objectives and Plans, the goal of establishing a policy interest rate path in order to tend towards positive real returns on investments in local currency, and to preserve monetary stability and exchange,” the source said.
Thus, in line with the rise in the monetary policy interest rate, in order to promote its full transmission to the return of time deposits in pesos, the Board of Directors of the BCRA raised the minimum limits of interest rates on fixed terms.
for human persons, the new floor is set at 41.5% per annum – from the previous 39% per annum – for 30-day deposits, which represents a yield of 50.4% annual effective rate (TEA).
For the rest of the depositors in the financial system, the guaranteed minimum rate is established at 39.5% per year -from the previous 37% per year-, which represents an Annual Effective Rate of 47.5%.
Source: Ambito
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