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El Salvador: base interest rate 2010-2017

El Salvador is one of the Latin American countries with the lowest monetary policy rates. 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 2017, El Salvador's monetary policy rate stood at 2.83 percent, up from 2.42 percent a year earlier.

Monetary policy rate in El Salvador from 2010 to 2017

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Source

Release date

December 2018

Region

El Salvador

Survey time period

2010 to 2017

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