The monetary authority had last modified the fixed term rate upwards in mid-September 2022.
With the new rates Central Bank (BCRA), which increased fixed-term interest to 78% per year, the investment option for this type of deposits became more attractive in the face of inflation.
Fixed terms paid 75% per year until days ago, and now the new rate makes it even more profitable. It is even more attractive than resorting to the underperforming blue dollar.
Investments of this type are safe and for conservative profiles. With this new rate level, 30-day term placements, will go on to pay a yield of 6.41% per month, from the previous 6.16%. C.With the new rate of 78%, a 30-day fixed term per $100,000 returns interest of $6,410.96.
Thus, If you invest $500,000, the monthly return for a fixed term is $32,054.79.
The INDEC reported an increase in retail prices of 6.6% in February, so year-on-year inflation jumped to 102.5% in the last 12 months.
The BCRA periodically analyzes its monetary policy in an attempt to control inflation and stabilize the devalued exchange market.
Source: Ambito
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