The Central Bank, directed by Santiago Bausilli and with a marked influence of Luis Caputo, Minister of Economy, considers that the economic situation shows “clear signs” of reduction in uncertainty, which justifies the implementation of new monetary policy measures. Among the factors, as Ámbito explained, that support this decision are the slowdown in general inflation, the moderation of monetary issuance in real terms, the accumulation of net reserves, and the stability of the exchange gap and the constant decline of the dollar. future.
Regarding the adjustment, this cut once again places real rates “ex ante and ex post in very negative territory”, according to analysis by the Personal Investment Portfolio (PPI), bringing them closer to January levels after an improvement in February. “The monthly monetary policy rate has gone from 8.6% to 6.8%, while the Fixed Term rate has decreased from 9% to 5.8%”, assuming 70% of TNA, as reported by Ámbito .
It is important to closely follow how these rates evolve and how the different actors in the financial system transfer them to their products, especially with regard to credit cards and personal loans, to fully understand their impact on the domestic economy.
2024-03-12 23:46:35
#Impact #Interest #Rate #Credit #Cards #Personal #Loans
