Bolivia: base interest rate 2010-2018

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.