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...
