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Tag: interest rate

If I ask for a loan, should I do it in dollars or soles?

If I ask for a loan, should I do it in dollars or soles? 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 […]

China fears that emerging countries will suffer side effects from rate hikes

China fears that emerging countries will suffer side effects from rate hikes China fears that emerging countries will suffer side effects from rate hikes

The Deputy Prime Minister ChineseLiu He, expressed Tuesday at the forum of Davos his concern for the “side effects” for emerging and developing countries from the interest rate hikes of the main central banks. “We ask that big governments pay more attention to the secondary effects of their rate hikes in emerging and developing countries, […]

Russian Central Bank raises its benchmark interest rate to 20%

Russian Central Bank raises its benchmark interest rate to 20% Russian Central Bank raises its benchmark interest rate to 20%

The Board of Directors the Central Bank of Russia (BCR) reported this Monday, February 28, that it decided to increase the reference interest rate to 20% per year. “External conditions for the Russian economy have changed drastically,” the entity said at first, while the crisis over the invasion of Ukraine continues. This comes after the […]

Mortgage loan interest rate still below pre-pandemic level

Mortgage loan interest rate still below pre-pandemic level

The interest rate average that banks charge for mortgage credits in soles it stands at 6.79%, while the same credit, but in dollars, stands at 4.88%, both below levels prepandemia, as reported by the Association of Real Estate Companies of Peru (ASEI). And it is that after the end of 2019 the interest rate of […]

Global factoring will allocate more than 30 million soles to SMEs at the end of the year parties

Global factoring will allocate more than 30 million soles to SMEs at the end of the year parties

The financing through factoring is a competitive alternative to other financial alternatives, as detailed by Juan Carlos Zurek, director of Global Factoring. Therefore, for the next Christmas campaign and end of the year parties, they will carry out a placement that would exceed the 30 million soles. “In the current scenario, the best alternative for […]

The US could raise benchmark rates by the end of 2022, according to Fed vice chairman

The US could raise benchmark rates by the end of 2022, according to Fed vice chairman

The Vice Chairman of the Federal Reserve (Fed) from the United States, Richard Clarida, stated that the economy of such a nation could be poised for an increase in benchmark interest rate by the end of next year. In this way, the most important Central Bank official in the world ruled out an increase in […]

Central Bank of Chile applies an interest rate hike to 2.75% due to the rise in inflation

Central Bank of Chile applies an interest rate hike to 2.75% due to the rise in inflation

The Central Bank of Chile announced this Wednesday, October 13, the increase in its benchmark interest rate from 1.50% to 2.75%, the biggest rise in 20 years, in a context of inflationary pressures. The issuing entity made the decision to raise the so-called monetary policy rate (MPR) unanimously by the members of its Board, when […]

Not even an interest rate hike would save the worst emerging currency

Not even an interest rate hike would save the worst emerging currency

It is possible that the monetary policy makers of Chile announce the biggest hike to the interest rate key in two decades, however, even that is unlikely to prop up the burdened weight. The currency has fallen more than 11% in the second half of the year, the worst performance among the 24 emerging market […]