The Central Bank adjusted the reference rate again in another attempt to limit
the run on the dollar, which almost reached $500 in the first three rounds of this week.
One of those tools is to raise the interest rate paid for the fixed terms that it seeks to return the interest for this instrument in pesos.
In this way, in one week the rate rose twice, from 78% to 81% last Thursday, a percentage that was not very pleasant considering that at 30 days it paid 6.65% against the March inflation that had given of 7.7% and the forecast for April that places the CPI at 8%.
And since this Friday, the adjustment
raises it to 91%, that is, that in the month it leaves a yield of 7.6%.
The effective annual interest (that is, if capital plus interest is taken) will be 141%.
With the bank simulators already active with the rate change, Clarín simulated some investments at 30, 60 and 90 days to see how much interest a person could earn if they invest $50,000, $100,000 or $500,000.
Fixed term: what interest does the bank simulator show for depositing $100,000
According to the simulators of traditional fixed terms of public and private banks, if an investor deposits
$100,000, in 30 days he will have earned about $7,728.77, about $1,000 more than until Thursday.
At 60 days, for the same amount, he will obtain $14,958.90.
And at 90 days, $22,438.36.
On the other hand, if the investor after the first 30 days adds capital plus interest,
the next month he will have reached a profit of $8,326.12.
If rates were flat for a year,
that $100,000 would leave an extra $141,000.
This scenario becomes unlikely since rates move up or down depending on the context.
Fixed term: what interest does the bank simulator show for depositing $200,000
For those who are a little more comfortable, if they stretch their effort and deposit $200,000, the interest generated in 30 days will be: $15,457.53.
A In 60 days, almost $30,000.
And at 90 days, the interest generated will be almost $45,000.
In one year, the interest alone would reach $182,000
;
and if interest plus principal were added
, the account would give an extra $282,000.
Fixed term: what interest does the bank simulator show for depositing $500,000
If the exercise were done
by depositing half a million, the 30-day interest would be around $38,644.
In two months, that value would amount to $74,794, and in 90 days, almost $113,000 earned
.
In a scenario of stable rates
for 365 days, just counting interest would almost double the amount invested: $455,000
.
And if each month the principal plus interest
is reinvested ,
the amount earned would reach
$705,000.
This last rate adjustment
places it at the highest percentage in the last 20 years.
"The decision of the monetary authority is based on the objective of tending towards positive real returns on investments in local currency and acting to preserve monetary and financial stability," said the organization led by Miguel Pesce in its statement.
The positive rate refers to the saver taking into account that if he makes a placement in pesos today, he would be beating inflation that, today, is projected one year ahead.
The positive interest rate is one of the recommendations that the International Monetary Fund established in the agreement signed with the Government.
NS
look too
By raising the rate to 91%, the Central Bank must issue almost one trillion pesos per month to pay interest
Fixed term: how much do you have to invest to earn $100,000 or $200,000 per month with the new interest rate
To contain the dollar, the Central Bank raised the fixed-term interest rate sharply: it goes from 81 to 91%