Argentina's inflation worries spur fund shifts and fixed‑deposit rate rankings

The Central Bank of Argentina updated its comparative table of fixed‑term deposit rates (TNA) on 24 July 2026, publishing a ranking that places Banco de la Nación Argentina at 19 % and several other banks, including Banco Macro (18.75 %) and Banco BBVA (18.25 %), among the highest offered rates. The list also includes a range of provincial and city‑based banks, with some offering rates above 20 %.

At the same time, Argentine markets remain uneasy despite a slowdown in inflation to 1.9 % in June, the lowest in a year. Investment funds are increasing exposure to CER‑adjusted bonds to hedge against lingering price‑level risks, while analysts project a possible year‑end wholesale dollar rate near 1,850 ARS. YPF, the national oil company, has ruled out cutting gasoline prices for now, citing insufficient market balance. These dynamics illustrate how inflation uncertainty is shaping both consumer deposit choices and institutional investment strategies.