Laurentino Cortizo approved the law that had previously been voted by the Assembly, which contemplates interest rate benefits for home purchases of up to $180,000.
Arguing that in the international context a high uncertainty associated to the commercial tensions between the U.S. and China prevails, the Central Bank of Costa Rica decided to lower for the fifth time so far this year the Monetary Policy Rate, this time to 3.75%.
For the monetary authority, the tension between the two world economic powers has led to a slowdown in trade flows and growth projections in our main trading partners.
In Panama, the National Assembly approved in the third debate the bill that contemplates interest rate benefits for the purchase of homes for a value of up to $180,000.
The Cortizo administration approved a proposal that establishes that the government will assume 2% of the bank interest for the purchase of homes valued between $120,000 and $150,000, and in the case of real estate between $150,000 and $180,000, the exoneration will be 1.5%.
The Cabinet Council approved on September 3 the bill No. 044-19, which still has to be endorsed by the Assembly and seeks to increase coverage for the purchase of homes worth $180,000, informed the presidency of Panama.
Until May 21, 2025, the plan to grant preferential interest rates for mortgage loans in the country was extended.
On May 20, Law No. 85 was published in Gaceta Oficial, which was approved by the National Assembly in April of this year and sanctioned this week by President Juan Carlos Varela.
The builders' guild in El Salvador is preparing a law proposal, which provides for the approval of preferential interest rates on loans for home purchases.
The proposal to be presented by the Salvadoran Chamber of Construction Industry (CASALCO) will be applicable for bank loans to low- and middle-income families who purchase their first home.
The main reference rate for loans and investments in the country dropped from 7.10% to 7.05% and will remain at that level at least until next May 13.
According to reports from the Central Bank of Costa Rica, after staying for three weeks at 7.10%, the passive base rate dropped 0.05% and will stand at 7.05% for at least a week.
The base interest rate is an indicator calculated by the central bank using the average uptake rates given by financial institutions on maturities of 150-210 days.
For the third consecutive week the main reference rate for loans and investments in the country will remain at 7.10% at least until May 6.
The Central Bank of Costa Rica has announced that the passive base rate will stay at 7.10% for another week.
The base interest rate is an indicator calculated by the central bank using the average uptake rates given by financial institutions on maturities of 150-210 days.
In an attempt to boost the economy, for the third time so far this year, the Central Bank has made a downward adjustment to the monetary policy rate, lowering it from 4.5% to 4%.
The Board of the Central Bank of Costa Rica decided, unanimously and resolutely:
1. To fix the monetary policy rate at 4.0% annually, from April 23, 2015.
2. To fix the gross interest rate on deposits with a one day maturity date (DON) at 2.28% per annum from April 23, 2015.
The main reference rate for loans and investments in the country will remain at 7.10% at least until April 29.
According to the Central Bank of Costa Rica, the passive base rate will remain at 7.10%, for at least another week. This is the second consecutive week in which the main benchmark rate has stayed at that level.
The base interest rate is an indicator calculated by the central bank using the average uptake rates given by financial institutions on maturities of 150-210 days.
After dropping 0.05%, the main benchmark for loans and investments in the country has risen to 7.10% and will remain at that level at least until April 22.
The Central Bank of Costa Rica reported that the basic borrowing rate rose by 0.05% and will stand at 7.10% for at least a week.
The base interest rate is an indicator calculated by the central bank using the average uptake rates given by financial institutions on maturities of 150-210 days.
The main benchmark for loans and investments in the country will drop to 7.05% and remain at that level at least until April 15.
According to reports from the Central Bank of Costa Rica the passive base rate will drop to 7.05%, after having remained for three consecutive weeks at 7.10%.
The base interest rate is an indicator calculated by the central bank using the average uptake rates given by financial institutions on maturities of 150-210 days.
The main reference rate for loans and investments in the country will remain at 7.10% for the second consecutive week.
According to the Central Bank of Costa Rica, the basic passive rate will remain at 7.10%, at least until April 1, 2015.
The base interest rate is an indicator calculated by the central bank using the average uptake rates given by financial institutions on maturities of 150-210 days.
The main reference rate for loans and investments in the country will remain at 7.15% for the fifth consecutive week, until at least March 18.
According to the Central Bank of Costa Rica, the passive base rate will remain at 7.15%, for at least another week. This is the fifth week in which the main reference rate has not varied.
The passive base rate is an indicator calculated by the Central Bank made up of for the average deposit interest rates given by financial institutions for maturities of 150-210 days.
For the fourth consecutive week the basic borrowing rate will remain at 7.15% until at least March 11.
The main reference rate for loans and investments in the country will remain at 7.15% for a week, according to reports from the Central Bank of Costa Rica.
The base interest rate is an indicator calculated by the central bank using the average uptake rates given by financial institutions on maturities of 150-210 days.