He Central Bank (BCRA) decided to maintain the rate of monetary politics and of the traditional fixed term in 97% annual (TNA), as he did last month, after meeting the data of June inflationwhich was from 6% according to INDEC. With this decision of the monetary authority, the Fixed deadlines will continue to have the same performance of almost 8% in 30-day placements.
The BCRA Board of Directors highlighted that for the second consecutive monthmonthly inflation recorded a significant deceleration compared to the previous month, in line with the forecasts of the monetary authority. And, in that sense, he assured that core inflation stood at 6.5%, the lowest record since Januarydecreasing in the month -1.3 pp
Although it responds to the inflationary deceleration, the decision of the BCRA to maintain the monetary policy rate at 97% per year occurs in a context of high inflation and moderate economic growth in which the monetary authority aims to combat both problems and aims to maintain the positive interest rate regarding the evolution of prices to achieve this objective.
But, as every time the CPI data is known, the question arises as to whether it is achieving it. with a fee in 97% (nominal annual rate, TNA) and a yield of 154.28% effective in one year, which, in monthly terms, is equivalent to a gain of 8% (TEM) Does the fixed term beat inflation right now?
Fixed term vs. inflation: who wins the battle in July
Until April, the high indices had been causing the monetary regulator to run back to inflation (balding it or losing slightly) for more than The rate had been adjusting strongly in recent timesbut in May, the rise in prices slowed slightly and managed to tie it, and even take some advantage of it, without having to touch rates.
In June, inflation deepened the deceleration that it had shown the previous month and was 6% and, once again, the BCRA decided not to modify the rates. Thus, this time, the margin in favor of the saver increased to 2 percentage points (8% of interest against 6% of the CPI). In this way, inflation remains below 8% and the fixed term will give the best performance it achieved throughout Miguel Pece’s entire management at the BCRA.
Thus, in response to the question of whether the fixed term now beats inflation, it is worth mentioning that the effective monthly rate (TEM), which is what the saver looks at when he decides to renew his investment every 30 days, is slightly above the inflation of the previous month and the same happens with the effective annual return. The IPC accumulated a rise of 50.7% so far this year and 115.6% in the last twelve months, below the 154.28% of TEA that pays the fixed term.
Fixed term: how much do I earn if I invest $100,000 in 30 days?
This means that If a person makes a fixed term for 30 days of $100,000, at the end of the term he will receive $107,972: the $100,000 that he had deposited at the beginning plus interest of $7,972.60.
If you decide at the end of that month to make a new fixed term for 30 days with the initial money plus the $8,083 earned in interest, you would obtain $116,762 at the end of the term, that is, the $108,083 deposited at the beginning of the month plus interest of $8,679.
In case there are no changes in the interest rate during the next year, if at each expiration date the person made a new fixed term for 30 days with the initial capital and the interest earned, in 12 months he would have $240,510. That is, the $100,000 initially deposited plus interest of $140,510.
Fixed term: how much do I earn if I invest $300,000 in 30 days?
Meanwhile, with an investment of $300,000 deposited in a fixed term the profit obtained after 30 days is $23,917.81.
Fixed term: how much do I earn if I invest $250,000 in 30 days?
With a 30-day investment in a fixed term of $240,000, the profit obtained is $19,931.51. Therefore, a total of almost $260,000 would be reached.
Fixed term: how much do I earn if I invest $1,000,000 in 30 days?
In the same way, If $1 million is invested in a fixed term with a rate of 97%, the 30-day profit is $79,726.03.
For deposits of more than $30 million made by companies (legal entities), the guaranteed minimum rate will be 90%, which represents an effective annual rate of 138%.
Fixed term: how much do I earn if I invest $2,000,000 in 30 days?
With $2 million invested, you earn $159,452.05 per month which implies a good reinforcement to the pocket.
Source: Ambito
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