The Central Bank determined the rate increase after knowing the inflation data for September.
He Central Bank (BCRA) arranged increase the interest rate (reference) of the fixed term to the 133%from the 118% previous annual. The decision was made after the INDEC disseminate the information inflation of Septemberwhich marked a 12.7% (which slightly exceeded the 12.4% in August).
The rate adjustment implied a increase of 15 percentage points (1,500 basis points). With this measure, the monetary entity seeks encourage savers to leave their pesos in fixed terms and relieve pressure on the dollarin a week in which the blue exceeded $1,000 (although it later dropped to $980) prior to presidential election on October 22.
With this measure, the fixed term traditional comes to have a monthly effective yield (the TEM) 11%, closest to September inflation data that he 9.7% that was previously offered.
Fixed term: how much do I earn if I invest $10,000 in 30 days?
With current interest rates, when depositing $10,000 a profit of $1,093.15the equivalent of eleven% of the original investment.
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 by 30 days of $100,000at the end of the term you will receive $110,931.51: the $100,000 that I had initially deposited plus a interest of $10,931.51.
Fixed term: how much do I earn if I invest $500,000 in 30 days?
If they are invested $500,000 After 30 days, the profit is $54,657.53.
Fixed term: how much do I earn if I invest $1,000,000 in 30 days?
In the same sense, if you invest $1 million in a fixed period, with the 133% ratethe 30 day profit It is $109,315.07.
Fixed term: how much do I earn if I invest $2,000,000 in 30 days?
With $2 million invested you earn per month $218,630.14which implies a good reinforcement to the pocket.
Source: Ambito
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