By arrangement of the Central Bank it will be more expensive to finance with credit cards

The BCRA decided to increase the ceiling of the annual nominal rate by 6 percentage points.

Today 09:16 The increase in interest rates announced by the Central Bank of the Argentine Republic (BCRA) will have an impact on the cost of financing through credit cards. It is that the ceiling of the nominal annual rate (TNA) went from 43% to 49% -6 percentage points- since last January 6. Through Communication A7432, the BCRA decided to “replace, effective as of the billing cycle corresponding to January 2022, at 49% annual nominal the limit to the compensatory interest for financing linked to credit cards that financial entities can apply.” As 49% is the maximum TNA that financial entities can apply, it remains in these if they apply a lower interest to their clients.


We recommend: The blue dollar rose again and closed at $ 208


Last week, the Central Bank raised interest rates for Leliqs and fixed terms, which also forced the TNA for credit cards to be moved. One of the reasons why the Central Bank was reluctant to raise the interest rate throughout 2021 is that it did not want to affect the cost of money and, therefore, economic activity. A recent study by First Capital Group reported that consumer financing through credit cards closed 2021 with a year-on-year increase of 38.1%, well below inflation for the year. “We are faced with a particularly weak December for the public’s indebtedness with plastic money, the limitations and difficulties to use quotas in tourist services, prevented an expansion of this segment despite the greater volume reached by Christmas purchases,” assured Guillermo Barbero , partner of First Capital Group. Source: Scope.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Social media is empowering, but it’s also alienating: Ranjit Barot thumbnail

Social media is empowering, but it’s also alienating: Ranjit Barot

Ranjit Barot. Pic courtesy: @ranjitbarot1 The information explosion and social media is a two-edged sword, believes ace percussionist, drummer and music composer Ranjit Barot. “It’s empowering, but it’s also alienating. Musicians from the world of social media are not competent enough to perform in the real world. And then you have a whole lot of
Read More
No more fun.  In Brno, they removed the bus shelter under the bridge thumbnail

No more fun. In Brno, they removed the bus shelter under the bridge

Město • Tramvaje 06 Říj 2021 15:00 Zastávka Osová, ještě s přístřeškem. Pramen: facebook Přístřešek ale nesklidil jen posměch. Někteří diskutující naopak tvrdí, že chybou je jeho odstranění. V posledních dnech asi nejznámější zastávkový přístřešek v republice zmizel. Dopravní podnik města Brna (DPMB) nechal odstranit nový přístřešek na tramvajové zastávce Osová, který byl umístěn přímo…
Read More
Ammunition in Lake Neuchâtel does not "seriously" damage the environment thumbnail

Ammunition in Lake Neuchâtel does not “seriously” damage the environment

Inhalt Messungen auf dem Luftwaffenschiessplatz im Neuenburgersee zeigen keine Belastungen durch Sprengstoff-Rückstände. Seit den 1920er Jahren schiesst die Armee bei Forel (FR) mit Flugzeugen in das Naturschutzgebiet La Grande Cariçaie am Ufer des Neuenburgersees. Gegen 5000 Tonnen Munitionsabfälle haben sich über die Jahre dort angesammelt. In den letzten Jahrzehnten kam zwar nur noch Übungsmunition zum…
Read More
Seelenmusik: Gidon Kremer im Konzerthaus thumbnail

Seelenmusik: Gidon Kremer im Konzerthaus

Konzert Auch Martha Argerich und Mischa Maisky ließen an diesem "Virtuos!"-Abend mit ihren Darbietungen mitfiebern Der Konzerthaus-Zyklus "Virtuos!" hat ein Rufzeichen im Namen. In der Zeitung gilt dieses nicht gerade als guter Stil, doch wäre die Versuchung groß, für einen Abend der Superlative mehrere davon zu verbraten. Denn gleich drei lebende Legenden waren im Großen…
Read More
SİYAD chose 'The Father' as the best foreign film of 2021 thumbnail

SİYAD chose 'The Father' as the best foreign film of 2021

Sinema Yazarları Derneği'nin (SİYAD) 2021'in en iyi yabancı filmini seçti: "Baba" Geçen yıl Türkiye'de sinemalarda gösterime giren tüm yabancı filmler arasında Sinema Yazarları Derneği (SİYAD) üyeleri tarafından yapılan oylama sonucunda en yüksek oyu toplayan "Baba"nın (The Father) ithalatçısı Bir Film'e ödülü, Mart ayında düzenlenmesi planlanan 54. SİYAD Ödül Töreni'nde verilecek. SİYAD üyelerinin oylaması sonucu ilk…
Read More
Index Of News
Total
0
Share