Costa Rica: Projected Increase in Interest Rates in Dollars

The banking system's need to raise money in foreign currency and other internal factors are pushing rates upward.

Friday, June 7, 2013

This is the projection by Adriana Rodriguez, head of strategy at Aldesa. "In the U.S., information from the most recent meeting of the U.S. Federal Reserve has fueled speculation that the bank's policies to stimulate the U.S. economy are entering final stages," noted an article in Elfinancierocr.com.

"There is a perception that the Fed will begin issuing fewer dollars," said Rodriguez.

Meanwhile, the Costa Rican banking system needs to attract dollars due to the preference of Costa Ricans for loans in that currency. Moreover, the lowered pressure from the government for financing its operations with money from the local market, will allow a continuation of the drop in interest rates in colones.

¿Busca soluciones de inteligencia comercial para su empresa?



ok