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Fixed term: the decision of the Central Bank
As it has been doing since December, the central bank decided to reduce the monetary policy rate from 60% to 50%. This caused the banks they will lower the interest rate of each fixed term at percentages that are around 40% on average.
However, in the coming weeks it is expected that the central bank make the same decision again and this affects the fixed term. As they explained, the reason for this is because inflation would continue to fall.
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Fixed term: the interest rate offered by each bank
Currently, banks are offering the following interest rateafter the last reduction, for each fixed term:
- French Bank: 38% annual interest rate for each fixed term
- Banco Ciudad: 41% annual interest rate for each fixed term
- Banco Galicia: 41% annual interest rate for each fixed term
- Banco Nación: 40% annual interest for each fixed term
- Banco Santander: 38% annual interest for each fixed term
- Banco Patagonia: 40% annual interest for each fixed term
- HSBC: 39% annual interest for each fixed term
- ICBC Bank: 40% annual interest for each fixed term
