How lower interest rates impact virtual wallets

2024-03-16 08:11:00

According to a report prepared by the Argentine Chamber of Investment Funds, a marked decrease in the annualized performance offered by fintech companies was recorded in the last 24 hours, with an average of 72%. This drop is aligned with the reduction in bank interest rates, which decreased by around 40 points to stand at around 70%. This adjustment is due to the elimination by the Central Bank of the minimum interest rates that they previously had to offer.