With the announcement of the reduction of the Minimum Legal Allowance, the next task of the banks is to regain the trust of the credit subjects, in addittion to lowering the interest rates. This has been explained by the president of the Central Bank, Rodrigo Cubero, and the idea has been replicated by specialists in the subject.
The decrease from 15% to 12% will mean that the entities have more resources to lend to individuals or companies, specifically ¢381 billion, but first, they must resolve the issue of trust in the economy.
This reduction does not mean that demand for credit will increase immediately, it will depend on banks and how they use these macroeconomic conditions to encourage financing,”
said Cubero.
The entity expects that signs of reactivation in the demand for credit will be seen before the end of the year.
Economist Luis Diego Herrera, from Acobo, believes the measure will benefit the economic reactivation.