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, […]
Tag: interest rate
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 […]
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%
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
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
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 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 […]