Panama's rates will fall this year but rise again in 2009: consultant

The consulting firm Indesa forecasts that bank interest rates and bond rates will decline this year but will rise again in 2009 and 2010.

Thursday, July 24, 2008

According to data that the firm has analyzed from Panama's Office of the Superintentent of Banks, the average interest rates for Panamanian bank bonds was 4.76 percent in 2007 and those of foreign banks was 4.33 percent. Indesa economists are saying these averages will fall to 4 percent and 3.25 percent.
"We're projecting higher rates in 2009 and 2010 because we assume that the United States Federal Reserve will focus on fightin inflation and banks in the Panamanian markete will experience a higher demand for both consumer and commercial loans," Indesa said.

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Costa Rica: Passive Base Rate Rises to 10.5%

August 2012

From today the Passive Base Rate (PBR) rises by a quarter point, going from 10.25% to 10.50%, its highest level for almost three years.

The passive base rate is calculated by the Central Bank and is a weighted average of interest rates of savings in colones for periods ranging from 150 days (5 months) to 210 days (7 months).

Interest Rate Volatility in Costa Rica

January 2011

The basic passive rate, the main interest rate indicator, has experienced far too much volatility during 2010.

This rate recently dropped 50 basis points (0.5%) to 7.25%, emphasizing its excessive volatility through 2010.

In its most recent report on price increases, the Central Bank of Costa Rica noted that these changes are caused by large transactions executed by some banks with state entities under preferential rates.

Interest Rates in Guatemala

October 2008

In January, banks charged 13.16% to loan money and now they charge 14.85%, while what they pay for deposits was reduced from 4.75% to 4.38%.

The weighted average interest rate which the banking system charges for loans in national currency, were at 14.85% at the end of September, according to the Superintendence of Banks (SIB).

Rate cuts spell losses for Costa Rican savers

April 2008

Inflation in Costa Rica is now running at more than twice the base lending rate, leaving savers with negative yields in real terms.

The base lending rate (TBP) was reduced again Thursday, this time from 4.75 to 4.25 percent, its lowest ever according to Central Bank records. Inflation, meanwhile, is running at just over 11 percent.

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