Start at Home, Fixed 3 Percent: Even Banks Are Feeling the Increased Interest

Magyar Nemzet

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The government program was received favorably by customers.

El Cronista

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Despite the fact that the Central Bank of the Argentine Republic (BCRA) deregulated the minimum amounts of interest rates and, consequently, the dividends granted by the fixed term, many savers still choose the dollar and with the new rise, the question arises as to what is the best alternative.While the financial institutions demanded a higher rate from the government, and therefore, the customers already saw a significant increase in dividends…

jujuyonlinenoticias.com.ar

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Banks in Argentina have increased interest rates on fixed-term deposits in pesos, primarily due to the lack of liquidity in the local financial system and competition among institutions to attract available pesos. This situation arose after the elimination of the minimum reference rate established by the Central Bank (BCRA), so banks now set their own rates based on real liquidity and the need to attract deposits. As a result, the nominal annual…