BCR

Negative Impacts of Interest Rate Caps on Peruvian Economy and Debtors

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Negative Impacts of Interest Rate Caps on Peruvian Economy and Debtors

Such limits were imposed by Congress in critical circumstances, as the country was facing the toughest phase of the pandemic, with the economy in recession and a good part of the debtors suffocated by obligations that they could not meet, precisely in the face of the adverse environment. Despite the difficult nature of this context, … Read more

Credit to Individuals Grows 9.8% in August, Fueled by Increased Loans in Soles

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Credit to Individuals Grows 9.8% in August, Fueled by Increased Loans in Soles

Credit to individuals grew 9.8% in August of this year, compared to the same month in 2022, due to greater loans of this modality in soles, which increased 10.5% year-on-year. In monthly terms, credit to individuals rose 0.7% compared to July of this year, accumulating 26 months of consecutive growth. Within these loans, those intended … Read more