While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
2024-10-26 23:34:00 #expensive #bank #loans #costs #benefits #increase #MPR
The economic expert Roberto Lagos explained that this increase in the MPR will make the active interest rate on loans given by national banks even more expensive.
The recent increase in Tariff Policy (TPM) changed so far +5.75% compared to yesterday Central Bank of Honduras (BCH), Credit in the financial system will be adversely affected by consumers, who will face higher interest rates, economic experts warn.
The TPM This is the minimum reference rate established by the BCH for loans offered by banks to individuals and companies in Honduras.
This increase in the MPR represents a cumulative increase of 275%. In August, the BCH changed the rate by 100 percent points, raising it from 3% to 4%, and on October 24th he did an additional change of 175 points, bringing it to 5.75%.
Expert economics Roberto Lagos explained in TN5 Morning News, on Saturday, October 26, that this increase in the TPM will make the active interest rate of credits provided by national banks.
“Expensive loans mean less investment and, with less investment, there is less job creation. These are the costs we will bear,” Lagos said.
Between August and October, the average interest rate for bank loans increased by around 2%.
In the agriculture, livestock and services sector, the average interest rate is between 15% and 16%, in the commercial sector it reaches 14.82%, and for consumption it reaches almost 17%, according to official BCH figures.
However, Lagos insists that the increase in TPM It also has positive effects, such as increasing passive interest rates for savers.
“There are also winners. Savers will have a higher interest rate on their investments,” Lagos said.
In addition, he emphasized that these monetary measures are necessary for Honduras, due to the constant fall in net international reserveswhich has decreased by almost 2 billion dollars since the beginning of the current government.
Nevertheless, the economist questions whether the Economic cabinet The Honduran government applies these measures at the wrong time, without considering the impact on investors’ expectations.
“The Economic Cabinet implemented neoliberal policies in their purest definition,” Lagos said.
Similarly, Lagos pointed out that, unlike Honduras, other countries of Central America and global economies with an inflationary crisis gradually changed their monetary policies, an approach that, according to him, should have been implemented in this country since the beginning of the current administration.
The new amendment to the MPR was approved while the Economic Cabinet took part in the annual Education meeting International Monetary Fund (IMF) and World Bank (WB).
Secretary of Finance, Christian Duarteannounced at this meeting Honduras received almost 500 million dollarswhich will be allocated to social and productive investment projects promoted by the government.
“These 500 million dollars are not free,” he warned Roberto Lagos.
While the economist Carlos Urbizo said that the monetary measures implemented by the BCH are “crazy” and “radical” because they do not encourage production and consumption in a way that has enough growth in the economy.
“Here there is no kind of monetary measure that is consistent with economic reality, much less fiscal,” he said on TN5 Matutino.
