The base borrowing rate (TBP) will remain at 4.70% for another week, the lowest figure of the year.
At this level, the indicator is 125 basis points below the figure at the beginning of the year. In addition, the rate had not located in such a position since the first quarter of 2008.
The TBP is calculated based on interest rates paid by financial institutions in the country.
This indicator serves as a reference to calculate quotas of long-term loans in colones and interests for some investments in local currency.