Financial entities re -adjusted the retail interest rates of the financial instrument.
The banks lower the interest rates of the fixed deadlines in recent days, after the signal that the Central Bank (BCRA) gave last week, by intervening in the “simultaneous” of Byma and test a lower interest rate level.
The decision of the BCRA arrives in a context where multiple sectors of the economy warn of a marked cooling of the activity and the need for a rate reductionalthough for the monetary entity this could imply an eventual increase in the coverage demand that adds More pressure at the price of the dollar.
This Tuesday, the Wholesale Rate of Argentina (Tamar) For fixed term deposits of private banks for $ 1 billion or more, with maturities between 30 and 35 days, it was 45.94% of Annual Nominal Rate (TNA). In turn, the Badlar On deposits of private banks for $ 1 million or more for that same period, he did it at 44.63% TNA.
At the beginning of September, these same rates were at a level of 67.00% TNA and 58.19% TNA, respectively.
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So, All banks currently offer a monthly effective rate (TEM) superior to monthly inflationwhich was 1.9% in August according to the official estimation of INDEC with a TNA that ranges between 30% and 55%. Among the extremes, the TEMS goes from 2.47% to 4.58%.
Fixed deadline: What rate pays each bank, this Tuesday, September 16
- VOII BANK: 55%
- MERIDIAN BANK: 51.5%
- Sun Bank: 50%
- Regional Credit Financial Company: 50%
- Tierra del Fuego Bank: 48%
- Reba: 46%
- Bank of the Province of Córdoba: 46%
- BICA BANK: 45%
- Chubut Bank: 45%
- Dino Bank: 45%
- Bank of Corrientes: 44%
- Mariva Bank: 44%
- CMF Bank: 44%
- Comafi Bank: 42%
- Julio Bank: 42%
- Creicoop Bank: 42%
- ICBC Bank: 42.3%
- Nation Bank: 43%
- Galicia Bank: 41%
- BBVA Bank: 41%
- Macro Bank: 40.5%
- Mortgage Bank: 40.5%
- Formosa Bank: 40%
- Bibank: 40%
- Santander Bank: 38%
- Province Bank: 37%
- City Bank: 35%
- MAS SALES BANK: 30%
Source: Ambito
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