Argentina's monetary policy, under the leadership of Luis Caputo, allowed the interest rate in pesos for collateral to register abrupt jumps due to technical factors.
Liquidity tension: in the last rounds of December, the annual nominal rate of one-day collateral reached around 140%.
Mismatch: analysts explained that this movement responded to a temporary mismatch between supply and demand, bringing the daily average to 31.5%, well above usual levels.
The comparison highlights two models of management regarding inflation and credit: one that uses presidential power to force down dollar financial costs, and another that relies on market dynamics to manage the scarcity of pesos in liquidity, assuming significantly higher financial costs for the private sector.
According to Noticias Argentinas Agency, the measure seeks to differentiate itself from the previous administration and ease the burden on consumers, in a move that sharply contrasts with the dynamics of deregulated rates and volatility peaks faced by Luis Caputo's economic team in Argentina.
Trump's 'Cap': rates at 10% annually
Through his social network Truth Social, the U.S. president denounced that his country's public was 'scammed' by financial companies for years:
The measure: Trump requested a one-year limit on credit card interest rates, capping them at a maximum of 10%.
The diagnosis: according to the president, the rates of 20% to 30% charged by banks 'worsened without obstacles' during the Joe Biden administration.
Key date: the cap will take effect on January 20, 2026, coinciding with the first anniversary of his current term.
The Argentine counterpart: collateral at 140%
While in the North ceilings are imposed, in the Buenos Aires City, deregulation and the seasonal demand for pesos have created the opposite scenario.
Washington / Buenos Aires, January 10, 2026 -- In a decision that shakes the global financial system for its interventionist nature, the president of the United States, Donald Trump, announced a strict cap on credit card interest rates.
