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1h ago

Argentine Banks Lift 30-Day Deposit Yields Into the 50% Range as Rate Dispersion Widens

A liquidity squeeze drove rapid, deregulation‑era repricing as money‑market rates spiked.

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El Banco Central (BCRA) venía utilizando un pseudo pase pasivo (tomando pesos) a través de la rueda de simultáneas de BYMA; en esa operatoria, las últimas posturas se ubicaban en torno al 25%
El plazo fijo siempre es una opción: ¿Cuánto hay que invertir para ganar $355.000 en 30 días?
El plazo fijo sigue siendo una opción para los ahorristas (Imagen ilustrativa).

Overview

  • The central bank’s October 14 comparison table shows several 30‑day fixed terms above 50% TNA, led by VOII at 53% with CMF near 52.5% and BICA around 52%.
  • Large traditional banks remain lower, generally in the 35%–44% TNA band, including Macro around 44%, Galicia 43%, BBVA 39%, and Santander and Ciudad at 35%.
  • Banco Nación increased returns but kept a channel gap, paying 41% TNA for electronic placements versus 34% at branches.
  • Digital channels keep broadening access and lifting headline yields: Banco Provincia’s Cuenta DNI pays 48% TNA and reports over 318,000 fixed terms totaling more than $641 billion, with 70% first‑time users.
  • Market commentators tied the jump to tight liquidity and money‑market dislocations, with one‑day caución rates surging to 78% TNA and touching intraday peaks near 140%, triggering day‑to‑day repricing.