Milei says record household debt delinquency is a matter between banks and borrowers
'Did someone put a gun to their heads to sign a loan?,' the president said during an interview regarding the 13% of households in debt, many to pay for daily expenses La entrada Milei says record household debt delinquency is a matter between banks and borrowers se publicó primero en Buenos Aires Herald .
President Javier Milei stated that the high levels of household debt delinquency, now at a record 12.8% in May, should be resolved between banks and borrowers without government intervention. Milei argued that personal loans and credit card debt have worsened since late 2024, driven by high interest rates during a peso run and stagnant wages.
The president blamed opposition attacks for the increase in delinquency and emphasized that those taking on debt are ultimately responsible. Milei highlighted recent credit rating upgrades that should lower interest rates and extend loan terms. He noted that Argentina's country risk score has dropped significantly, which could spur economic growth if inflation eases.
Milei reiterated that he would not meddle in private lending agreements, arguing that intervention would require taking money from other parties.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
