QCOSTARICA — If you have loans in colones, you will feel relief in your loan payments since the Monetary Policy Rate (Tasa de Política Monetaria – TPM) dropped to 4%.
This decision will come into effect as of today, Friday, October 18, and responds to the need to continue adjusting the country’s monetary conditions.
The TPM is a key indicator used by the Central Bank to influence the behavior of the economy.
Its impact extends to the interest rates of loans and investments in colones and affects both loan rates and savings of depositors.
In total, the rate has decreased 5 percentage points from the peak of 9% it reached in October 2022, when the Central Bank adopted a more restrictive stance to control inflation.