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Rates for credits, down – National

The average active rate that banks charge for loans has been falling month after month and reached 11.85% last December, this due to the effect of the easing policies, according to the report on financial indicators, released yesterday by the Central Bank of Paraguay (BCP). The cost of credit has been decelerating strongly since 2015, when the credit card rate was limited and more recently due to the easing measures promoted by the Government to try to boost the economy, through loans.

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