International, financial and transactional information platform Bloomberg started publishing the Interbank Reference Rate (TRI), an index created in March 2016 by the Chamber of Banks and Financial Institutions of Costa Rica.
The indicator aims to be a reference for the establishment of interest rates for credit operations in colones and dollars.
This index meets the international standard, which aims to use a series of reference rates that are known as “rate curve”.
Since December 7th, the TRI has been extended from 5 to 9 nodes, so there is now a TRI at 1 week and a TRI at 1, 3, 6, 9, 12, 24, 36 and 60 months, which allows users to have a more complete rate curve, both in colones and dollars.
The existence of these new nodes will provide more and better information on the System raising costs.
The TRI can be consulted on the website of the Chamber of Banks and Financial Institutions and on Bloomberg platform, with the ALLX CRR function.