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High Rates Keep Credit to Families in Argentina Expensive
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Even though the price level is well below the peaks of previous years, the cost of financing for household credit in Argentina remains at very high levels. This is a context in which the annual Consumer Price Index (CPI) is in the order of 33.1%, rates, around 25% and purchasing power in decline, which results in a growth in late payments.“The last few weeks we saw a strong compression of rates, clearly reaching negative ground in real terms. Th…
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