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Basic rate will drop to 5.10%

July 21, 2016 by Staff News Writer

This week the basic passive rate dropped to 5.10%, according to data published by the Central Bank.

Such low figures have not been seen since 2008, when the indicator reached 4.25%
The downgrade this week was due to a fall in interest paid by public banks and mutual benefits for all periods.

The basic rate is used by banks to calculate the contributions of long-term loans in local currency. It also serves as a reference for the payment of investment coupons.

At the current level, the indicator is 85 points below the level at which it started the year.

crhoy.com

Related articles:

  1. Basic rate back to 5.30%, the lowest level of the year
  2. Passive rate returns to 5.40%
  3. Passive rate rises to 5,40%
  4. MEIC asks businesses to use correct exchange rate
  5. Dollar credit rate increased in the last two weeks
  6. Private bank pays higher interest rates in dollars

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