INTEREST RATE
Credits: Rate Limits Decrease in Costa Rica
Jan-11-21 | By the first half of 2021 all maximum annual interest rates that are estimated by the Central Bank will decrease compared to those imposed in the second half of 2020.
Fiscal Crisis, Exchange Rate and Interest Rates
Nov-9-20 | The Costa Rican government is facing a complex scenario, since by not achieving consensus to access international loans, it will be forced to seek domestic funding sources, which would put pressure on the exchange rate and interest rates to rise.
Bank Loans become Less Expensive in Nicaragua
Sep-24-20 | Between May and June of this year, the average lending rate of commercial banks has fallen from 11.52% to 10.28%, a drop that is explained by the high level of liquidity of the banks and the low placement of credits.
Financial Sector: Preference for Liquidity Increases
Jul-8-20 | Preventive reasons for unforeseen expenses in the context of the pandemic and low liable interest rates are some of the factors that explain the increase in the balance of short-term savings instruments in the Costa Rican market.
Credits: Maximum Rates in Costa Rica
Jul-3-20 | Following the entry into force of the Usury Law, the Central Bank published the maximum annual interest rates, which for credit operations in colons amount to 37.69% and 30.36% in dollars.
Credits: How do the Rules Change in Costa Rica?
Jun-29-20 | Setting a maximum usury rate and preventing clients from getting into debt to the extent of reducing their income below the minimum wage line are some of the changes that have arisen due to the application of the new law that has been in force since June 20.
Honduras: Lending Rate Goes Down 4.5%
Apr-24-20 | In recent weeks, the country's financial system has seen a considerable drop in the lending rate on new loan operations, which is partly explained by the reduction in the Monetary Policy Rate.
Basic Passive Rate Falls to 3.75%
Apr-15-20 | This week, the Basic Passive Rate continued to fall, from 3.8% to 3.75%, while the Effective Rate in dollars also fell, from 1.94% to 1.84%.
Pandemic: Dominican Republic and its Monetary Policy
Mar-27-20 | Raising the amount of liquidity facilities for financial intermediaries by $909 million and reducing the legal reserve ratio in local currency by 0.5% are some of the measures taken by the Central Bank in response to the spread of covid-19.
Guatemala: New Reduction in Prime Rate
Mar-26-20 | As part of the health emergency generated by the spread of covid-19, the Bank of Guatemala decided to reduce the prime interest rate again, from 2.25% to 2%.
Costa Rica: Basic Passive Rate Falls to 4.15%
Mar-25-20 | This week, the Basic Passive Rate continued to fall, from 4.35% to 4.15%, while the Effective Rate in dollars also fell, from 2.35% to 2.25%.
Dominican Republic: Monetary Policy Rate Falls to 3.5%
Mar-24-20 | Given the significant increase in global uncertainty associated with the economic impact of the coronavirus, the Central Bank decided to reduce the monetary policy rate from 4.5% to 3.5%.
Guatemala: Prime Rate Drops to 2.25%
Mar-23-20 | Arguing that the impact of covid-19 will be significant in the context of global and local economic slowdown, the Central Bank decided to lower the leading interest rate of monetary policy by 50 basis points, from 2.75% to 2.25%.
Monetary Policy in Response to the Coronavirus
Mar-20-20 | Reducing the Monetary Policy Rate to 4.5% and temporarily suspending the daily auctions of Bills aimed exclusively at financial institutions are some of the measures taken by the Central Bank of Honduras in response to the spread of the covid-19.
Basic Passive Rate Falls to 4.35%
Mar-18-20 | The Basic Passive Rate continued to decline and for this week fell from 4.50% to 4.35%, while the Effective Dollar Rate also fell from 2.35% to 2.25%.
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