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2mo ago

Argentine Banks Cut Peso Deposit Rates Again as BCRA Data Shows 30%–45% Band

Fresh cuts reflect competitive repricing anchored by the BCRA’s public comparator.

Image
Los bancos sorprenden con las nuevas tasas de interés para plazos fijos en dólares
El plazo fijo cambió de tasas, pero mantiene la ganancia para depósitos a 30 días (Imagen ilustrativa).
Se registra una tendencia a la baja en las tasas, en línea con la baja de la tasa de referencia del Banco Central de Reserva del Perú (foto: El Peruano)

Overview

  • Banks implemented another round of reductions in late September, marking a second cut in about two weeks reported by local media.
  • The BCRA’s comparator now shows most 30‑day peso term deposits between 30% and 45% TNA, with Banco Nación at 36% and several digital offers in the low‑to‑mid 40s.
  • Major-bank listings cited across outlets include Santander 35%, Galicia 35.25%, BBVA 35%, Banco Provincia 34% and Banco Ciudad 31%, while Banco Voii and Banco del Sol reach 45% and Meridian 42.5%.
  • Channel differences persist, with Crónica noting Banco Nación pays 36% online versus 29.5% in‑branch for similar 30‑day placements.
  • Dollar‑denominated term deposits remain available at far lower annual yields, roughly 0.05% to 2.5% depending on the bank, while Peru’s concurrent fixed‑term campaigns cluster near 5% TREA.