Tuesday, 27 October 2020

Planning to Borrow? Postpone, Economists Suggest

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The limit on credit growth this year set by the Banco Central (Central Bank) this week means a further analysis is needed before making a borrowing decision in the coming months, experts say.

One of those is Felix Delgado, general manager of the Central Bank, who says of “a strong adjustment” in interest rates, in particular in the case of the dollar due to less dollars available in the market.

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In general, economists agree that the best course of action in the short term is to postpone any decision to borrow.

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