The passive rate (TBP) will rise to 5.40%, the same figure at which it stood two weeks ago.
Last week the indicator was 5.30%, the lowest level of the last 8 years. However, after Wednesday’s review, it returned to the previous figure.
The passive rate is used by banks to calculate quotas of long-term loans in domestic currency.
The variation of this week negatively affect people with loans in colones; however, the impact won’t be severe, because the change in the indicator is mild.
According to Luis Diego Herrera, economist at Acobo, despite the downward trend of the interest rates in colones, people still prefer loans in dollars due to lower financial cost and the stability of the exchange rate.