Interest Rate Hikes?

ExtremeR

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Mar 22, 2006
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Nop, in the contrary it is heading a downward way so if you plan to invest some money in the CD better do it now before it gets more low.
 

Eddy

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Jan 1, 2002
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Nop, in the contrary it is heading a downward way so if you plan to invest some money in the CD better do it now before it gets more low.
Banco del Progresso went from 12.5 to 5% inside of 60 days. Mortgages at 16%. Yet the peso/US$ is holding. Really weird.
 

ExtremeR

New member
Mar 22, 2006
3,078
320
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Banco del Progresso went from 12.5 to 5% inside of 60 days. Mortgages at 16%. Yet the peso/US$ is holding. Really weird.
I know, that's why I say that Valdez Albizu have been doing magic these last 5 years in front of the CB, a really great group of people is running that organism.
 

Eddy

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Jan 1, 2002
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Why not??????????????????

If you have $$$ invested, you should be hoping for 12-14%. After all a loan or mortgage will cost 15% +. The interest rates are set by the Gov. The banks would love to be able to give their customers more. It would increase their $$$ flow.
 
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