The Listín Diario reports that interest rates have dropped 10 points in the past three months due to the excess of liquidity in the financial system. At the start of the year, banks were lending money to their preferential clients at 24%. Banks are now paying 11-12% for deposits and lending out money at 15-16% to their preferential clients. Andrés Aybar, president of the Banco Mercantil and the American Chamber of Commerce said that the gap between the interest rates paid for pesos and dollars is narrowing. money they are lending to preferential lclients at 15-16%.
