Banco de Costa Rica Lowers Interest Rates

©image: Banco de Costa Rica

Journalist Leticia Vindas wrote in the El Financiero website: "For those companies that need working capital for up to one year, the bank lowered the minimum benchmark interest rate, meaning that the total will now be the Base Passive Rate (TBP) +2%, where before it was over 5%. For companies that need financing for up to five years, the rate in colones went from TBP +5% to TBP +2.5%."

Source: elfinancierocr.com

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