Monday 8 March 2021
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Tag: loans in colones

Central Bank lowers the minimum legal reserve to stimulate economy

The Banco Central de Costa Rica (BCCR) - Central Bank - announced on Monday a reduction in the legal minimum reserve for banks in order to stimulate the loans in colones in the country. The decision will reduce from 15% to 12% the percentage that...

Loans in Colones Get More Expensive

Interest rates on bank loans have increased by between 0.11% and 6.6% in the last year, and those for loans for construction, livestock and commerce, are where the highest increases have been recorded. Data published by the Banco Central de Costa Rica (BCCR) - the...

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