The president of the Central Bank, Santiago Bausili, has expressed his optimism about the current dynamics of private credit in Argentina, estimating that, thanks to the monetary stability achieved in the first months of his management, the demand for loans in local currency could triple compared to current levels. These statements were made during the Argentina Fintech Forum, where Bausili indicated that the growth of private credit is one of the main focuses of the entity, along with progress in the financial freedom of the population.
Furthermore, he emphasized that an economic recovery would lead to an increase in the demand for money and private credit in pesos, as people would feel more confident in the local currency. He highlighted the need to generate "financial well-being" so that more people can access the financial system, taking advantage of technological advancements. Bausili stressed the importance of having a transparent and predictable regulatory framework to facilitate the growth of businesses and their financing.
The official also emphasized the importance of achieving the "financial freedom" of the population, following efforts to achieve monetary equilibrium with negative real interest rates in the first months of management. He pointed out that it was essential to maintain the current stability with lower inflation and lower interest rates, avoiding the need to impose new regulations.
To achieve these objectives, Bausili mentioned the importance of deregulating the financial system and leveling the conditions so that more people can smoothly access financial services. In this regard, he noted that resolving monetary imbalance would also have benefits in the foreign exchange sector, contributing to maintaining economic stability.
