Prime Rate The rate and Libor, which had remained relatively low and unchanged in 2009 as a result of economic and financial crisis that spanned the United States and many nations of the world, will remain unchanged in the coming months of this year 2010 . Rates at the beginning of March 2009 are located at 3.25% and 0.4% respectively.
For its part, the Basic Passive Rate during the last quarter of last year registered a downward trend. This year the trend has continued and to start the month of March 2010 and is located at 8.25%. For its part, the average lending rates of private banks, which stood at 24.7%, continue to impact economic activity.
* Again, currency revaluation
The growth of the general price level has been an economic problem difficult to control by the government of the day. In 2009, inflation remained subdued at a level that was just over 4%. However, since in the early months of 2010 the behavior of this indicator has started up again, inflation reached 2.32% February 1. In fact, the accumulated inflation of the last twelve months exceeds 5%. It is likely that inflation in 2010 ronde 7%.
The devaluation was stopped and not follow their path in line with inflation. When you start the month of March 2010 and there is a revaluation of the currency by 2% compared to the exchange rate that existed in early March 2009. However, as the exchange rate has been fluctuating over what traders wanted, will play to be attentive to particular circumstances, in a year that is expected to more foreign direct investment and dynamism in exports, but also a greater import bill, under which is expected to moderate economic growth.
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