The BCRA is on track to raise the rate today (for the fifth time this year)

For the fifth time this year, the Central Bank is on track to raise the interest rate, both for monetary policy instruments and for retail time deposits, according to Ámbito. The objective of the adjustment focuses on “aligning” the effective rate with the inflation estimates for the year, which today are around 60%. After the last rise, the Leliqs pay an effective annual return of 58.68% (TNA 47%) and fixed terms up to $10 million for individuals have a TEA of 57.07% (TNA 46%). According to market estimates, if prices are raised rates Between 2 and 3 percentage points, the effective yields would be around 60%, in line with the prospects of rising prices.