Starting today, the BCRA will post a daily survey of interest rates paid on time deposits exceeding ARS20 million in 30 to 35-day terms.
The new rate will be called TM20 and will weigh the information that all banks provide to the BCRA. A TM20 rate will also be posted in dollars, for deposits exceeding USD20 million in 30 to 35-day terms. The data will be broken down into public and private banks, both for transactions in pesos and foreign currency.
It will be posted daily through communications C. To read today’s communication, click this link. Also, a historical series of this rate will be posted on the BCRA’s website. Go to Publications and Statistics / Monetary and Financial Variables / Standardized tables of statistical series / Interest Rates and Traded Amounts / On deposits.
