QCOSTARICA — If you have loans in colones, you will feel relief in your loan payments since the Monetary Policy Rate (Tasa de Política Monetaria – TPM) dropped to 4%.
This decision will come into effect as of today, Friday, October 18, and responds to the need to continue adjusting the country’s monetary conditions.
The TPM is a key indicator used by the Central Bank to influence the behavior of the economy.
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Its impact extends to the interest rates of loans and investments in colones and affects both loan rates and savings of depositors.
In total, the rate has decreased 5 percentage points from the peak of 9% it reached in October 2022, when the Central Bank adopted a more restrictive stance to control inflation.
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