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Investments: the alternative that beats the dollar and does not lose against inflation

Investments: the alternative that beats the dollar and does not lose against inflation

The strong acceleration of the CPI observed in February is now leading many savers and retail investors to ask again what might be the best alternative.

He traditional fixed term lost against inflation. After three consecutive months where it beat PF UVA, the traditional one was defeated by the advance of inflation in February, according to the Consumer Price Index (CPI) measured by INDEC.

This time, the 6.25% yield was left behind after the 6.6% monthly rise in inflation, so savers who entered this instrument had a loss against prices.

The strong acceleration of the CPI that was observed in February is now leading many savers and retail investors to ask again what could be the best alternative among the options offered by fixed terms, with the aim of protecting pesos and conserving purchasing power through this instrument. In today’s session, there may be news.

“The Central Bank has a challenging scenario since the monetary policy interest rate (6.2% m/m) is already in negative territory compared to inflation in February and probably also in March. Therefore, The BCRA will have to decide in the coming days whether to increase interest rates in response to rising inflation in line with the Monetary Fund’s requirements. At the same time, the rate of devaluation of the official exchange rate should also accelerate at the margin so as not to continue appreciating the real exchange rate,” they said from Delphos Investment.

Most of the private consultancies that participate in the Survey of Market Expectations (REM) prepared by the Central Bank expect that during March, as usual due to seasonal issues, inflation records another acceleration and is located above the levels of February.

Given this scenario, the fixed term tied to the Purchasing Value Unit becomes more relevant (GRAPE). This instrument offers a return based on the CPI reported by INDEC every month, so guarantees not to lose against inflation and, in addition, it grants an extra rate of 1% per year.

And those who invested in dollars?

Those who invested in the informal exchange rate also lost. With the blue dollar at $377 almost unchanged, the greenback is still not an option at the moment, at least for short-term investors. Since the beginning of the year, it has increased by almost 9% compared to accumulated inflation of 12.6%.

Source: Ambito

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