In line with our interventions, the market seems to be responding in kind, as evidenced by lower deposit rates and consequently lower lending rates.
In order to calculate the estimated P/E ratio, Bloomberg surveys market watchers on their profit expectations for the coming 12 months. — 4 Price-to-earnings ratio. — 5 Price-to-book value ratio. — 6 Argentina’s real credit growth was calculated using official inflation statistics and may therefore potentially be overstated.