The public accentuated the tendency to avoid consumption with credit cards, partly as a result of increases in interest rates that make financing more expensive.
Spending with plastic money in February fell 11.6% year-on-year, after falling 2.5% from the previous month.
In this way, the slope that has been observed for several months was maintained and that was also transferred to other instruments, revealing a lesser predisposition to indebtedness on the part of the public.
Meanwhile, personal loans were down 1% from January, breaking a five-month increase.
In the middle of the month, the Central Bank raised the interest rate for deposits of more than $10 million from 39 to 41%, which drags down the rate that banks charge for financing.
The information was published by the Central Bank in its “Monthly Monetary Report” corresponding to February.
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