Loans in Pesos to the Private Sector Cut Back Negative Streak in April, Driven by Upturn in Credit Cards
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Although the relaxation of the laces announced by the Central Bank at the end of March anticipated a possible scenario of lower rates and greater dynamism of financing, the bank credit again showed signs of stagnation in April.According to the measurement by the consulting firm Equilibra, the credit in pesos to the private sector fell 0.1% monthly in real terms (not counting expected inflation of 2.4%), in a figure that confirms that the financi…
The financing for consumption improved in the fourth month of the year, although personal loans showed no significant changes, amid the high late payments. A new record was seen in the credits in dollars.
The total credit to the private sector in pesos recorded a fall of 0.1% without seasonality during April, after discounting the effect of inflation. This result marks a continuity with the stagnation observed during the first quarter of the year, period in which the real variation was 0.1%. The government expects a fall in the interest rate in the short term that revitalizes the credits and traccione an improvement in the economic activity. In t…
The financial system records a contraction of total credit to the private sector in local currency. Official data from April show a fall of 0.1% real without seasonality. The impact of inflation neutralizes the liquefaction of interest rates and slows down the demand for commercial funds. This decline breaks the accounting stagnation of the first quarter of the year. Between January and March, the loans operated with a marginal positive real var…
Credit Stagnates: Peso-Denominated Loans to the Private Sector Fell for the Fourth Consecutive Month
Inflation neutralizes nominal increases and consumption fails to take off, in a scenario where almost all loan categories lose ground month after month. Jujuy al día ® – Credit in pesos to the private sector is failing to recover. In April, the total outstanding balance of loans in pesos rose 1.8% year-on-year [...] The entry Stagnant Credit: Loans in Pesos to the Private Sector Fell for the Fourth Consecutive Month appeared first on Jujuy al dí…
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