The Bank of Mexico (Banxico) this Thursday kept the interest rate unchanged at 11.25%the highest level in its history, in a decision that broke with fifteen consecutive increases given the high levels of inflation. In its announcement, the central bank “He considered that a phase of disinflation has been entered due to the fact that […]
Tag: interest rate
CTS 2023: which banks or savings banks pay you the most interest for saving your money?
In these days of May, thousands of workers they begin to receive Compensation and Time for Services (CTS) in their bank accounts. Due to Law No. 31480, approved in June 2022, the employees have the availability to withdraw this extra money until the end of 2023. However, if you are one of those who plan […]
Argentina raises the interest rate to 81% to stop the exchange rate
He Central Bank of the Argentine Republic (BCRA) announced this Thursday a new rise in the reference interest rate -for the second consecutive month-, from 78 to 81%, amid the escalation in the informal price of the dollar and the scenario of very high inflation that the country is dragging of soybeans. The board of […]
MEF evaluates subsidizing the mortgage loans of families living in ravines
The Minister of Economy and Finance, Alex Contrerasreported that the Peruvian Government is considering subsidizing the interest rates applied to families located in ravines and emergency areas, so that they can access mortgage loans in safe areas of the city. In a dialogue with TV Peru, the head of the MEF maintained that this and […]
What banks and savings banks offer personal loans with the lowest rates this 2023?
As the school year begins, many parents are struggling to cover the expenses for supplies, tuition, uniforms, pensions, among others. Given this need, this group of people should know the amount offered by financial institutions regulated by the Superintendency of Banking, Insurance and AFP (SBS). for personal loans and their respective interest ratebefore deciding to […]
Credit cards from savings banks: how much will your interest rate be compared to that of the banks?
The Congress of the Republic approved by insistence, on Friday, March 3, the law that allows municipal savings banks to issue credit cards without the express authorization of the Superintendence of Banking, Insurance and AFP (SBS). The initiative authorize that you are financial entities manage and manage up to four products: credit cards, checking accounts, […]
Fed officials keep interest rate cap options open
The Federal Reserve will need to continue gradually raising interest rates to beat inflation, two central bank officials said on Tuesday. USA, by warning investors that the costs of credit may ultimately have to rise more than estimated. “We must remain prepared to continue raising rates for a longer period than anticipated, if that avenue […]
FAE-Texco: Produce would include a good payer bonus to reduce credit interest rates
Vice Minister of Mype and Industries pointed out that, currently, the interest rate of the credit program ranges between 13.5% and 17%. During his participation in the Foreign Trade Commission of the Congress of the Republic, the Vice Minister of Mype and Industry, Javier Dávila Quevedo, announced that the Ministry of Production (Produce) will seek […]
Banco de la Nación: how much is your mortgage loan and what is the interest rate?
This bank offers one of the most convenient rates in the financial market and favorable conditions for those who aspire to have their own home. Take note! Mortgage loans are in wide demand in banking entities, which allow the acquisition, repair or expansion of a property, normally intended to convert it into living place. In […]
If I ask for a loan, should I do it in dollars or soles?
To request a loan you must know in which currency it is convenient for you to do it and thus avoid paying more. Let’s see, soles or dollars? at the gates of the school campaign and start of school and university classesmany Peruvian families have decided to request a loan to one banking entity to […]