Who agrees with the new Central Bank rate
As of Wednesday, the 53% rate that was in effect, $104,416.66 held in the same period returned 30 days later, or $4,416 in interest. The difference between the two rates over a period of one month is 666.67 pesos.
Banks also offer pre-cancellable fixed terms “UVA + 1%” as a positive real rate investment option for savers, since they offer a minimum rate of 1% per annum at an interest rate equivalent to the ‘consumer price index. to bring. The INDEC increased by an annual rate of 1%, which makes it possible to maintain the purchasing power of savings and Beat single-digit inflation at the end of the 90-day contract period,
The specialty of this product is that it has the ability to Cancellation before 30 daysHowever with interest rates equal to 85% of the TNA given by the traditional fixed terms, which would currently be 51.85%.
For analysts, fixed-term UVA remains convenient due to rising inflation. The rate hike confirms that inflation will be around 80%, ensuring that UVA will continue to pay.
now with Further rise in fixed-term interest rates, which now stands at 5.08% per month, An investor who deposits $100,000 within 30 days will receive a total of $105,080 after this period. In other words, for making this investment in a month, you would earn Additional income of 5,080 pesos,
and in the case of that $100,000 renewing fixed term and interest provided monthly for a full year, the profit for that entire period would become $181,300 for a new tea.
The UVA craze
Fixed peso deposits from the private sector – conventional and UVA – have risen 17.5% over the past two months, a full percentage point above the inflation that various advisers are forecasting before the interest rate hike for the two-month period June-July. According to data from the Central Bank (BCRA), this is the last week.
Notably, traditional fixed futures reached $5.211 billion on July 26 – the latest available data – up 16.8% from the same date in May, while UVAs, which adjust to the consumer price index revealed by the index, 398,426 million, reaching 28.8%. % higher than at the end of May.
The increase in peso deposits came despite a sharp rise in the fiscal dollar, from around $210 to over $340 between the first days of June and the start of this week, a rise that triggered a rise in prices. consumer goods. And that, according to the calculations of various advisers, July will bring inflation back to around 7%.
In this case, the cumulative inflation of the last two months will be 12.7%, around five percentage points less than the growth of fixed deposits, a figure indicating that despite the difficult context, the demand for assets in pesos remains in the banking system. . constant.