Bolivia is one of the few Latin American countries whose monetary policy rates have decreased in the last five years. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2018, the Bolivian Central Bank set the monetary policy rate at 2.5 percent, slightly up from 2.38 percent a year earlier.
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Comisión Económica para América Latina y el Caribe. (December 24, 2018). Monetary policy rate in Bolivia from 2010 to 2018 [Graph]. In Statista. Retrieved September 21, 2020, from https://www.statista.com/statistics/1060829/bolivia-monetary-policy-rate/
Comisión Económica para América Latina y el Caribe. "Monetary policy rate in Bolivia from 2010 to 2018." Chart. December 24, 2018. Statista. Accessed September 21, 2020. https://www.statista.com/statistics/1060829/bolivia-monetary-policy-rate/
Comisión Económica para América Latina y el Caribe. (2018). Monetary policy rate in Bolivia from 2010 to 2018. Statista. Statista Inc.. Accessed: September 21, 2020. https://www.statista.com/statistics/1060829/bolivia-monetary-policy-rate/
Comisión Económica para América Latina y el Caribe. "Monetary Policy Rate in Bolivia from 2010 to 2018." Statista, Statista Inc., 24 Dec 2018, https://www.statista.com/statistics/1060829/bolivia-monetary-policy-rate/
Comisión Económica para América Latina y el Caribe, Monetary policy rate in Bolivia from 2010 to 2018 Statista, https://www.statista.com/statistics/1060829/bolivia-monetary-policy-rate/ (last visited September 21, 2020)
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