New fixed term rate: calculate how much you are going to earn with the new rate

New fixed term rate: calculate how much you are going to earn with the new rate

December 19, 2023 – 08:42

At Ámbito we created a simulator so that you can easily and quickly find out how much you are going to earn according to your investment amount.

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The Board of Directors of the Central Bank (BCRA) confirmed that will reduce the interest rate of the Fixed deadlines traditional 30 days. In this way, the Annual Nominal Rate (TNA), which remained at 133%, will provide a performance of 110% on new deposits that are made, that is, they will have a rate of 9.15% monthly.

In this sense, in Ambit We created a simulator so you can quickly and easily find out how much you are going to earn according to your investment amount.

The Central Bank announcement

He central bank launched a series of measures with the objective of clarifying and simplifying the monetary policy rate signal. Among them, it modified the monetary policy rate and the liquidity management scheme.

“In the context of a significant surplus of liquidity and high inflation, the board (of the BCRA) “considered it prudent to maintain a minimum interest rate for fixed-term deposits, which it decided to establish at 110% nominal annual rate,” the monetary authority announced. Until yesterday the reference rate was 133%.

CENTRAL BANK 1500

The Central Bank modified the monetary policy rate and the liquidity management scheme.

The Central Bank modified the monetary policy rate and the liquidity management scheme.

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For its part, despite the banks’ request to discontinue the UVA fixed term, the BCRA assessed that “it is necessary for the banking system to continue offering the public” fixed-term deposits adjustable by UVA.

On the side of the Leliqs (Liquidity Bills) and the repos, the organization announced that “as of tomorrow, its monetary policy interest rate will become the rate for passive repos with a one-day term, a rate that since on December 13 it was established at 100%.”

Meanwhile, “in order to rationalize your liquidity management scheme, “The board of directors decided to stop carrying out Leliq tenders in the future, making repo operations its main instrument for absorbing monetary surpluses,” the monetary authority reported.

In a statement, he also indicated that “at centralize your operations in a single instrumentand since its policy rate is the only reference interest rate, it seeks to make the monetary policy signal clearer and strengthen its transmission to the rest of the interest rates in the economy.


Source: Ambito

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