Interest rates in America like a see-saw game

The United States maintains interest rates at 5.5% for now. Colombia set them at 12.25 %; Peru maintains them at 6.25 %, Ecuador raised them to 10.53 %, Chile lowered them by one point to keep them at 8.25 and Mexico also reduced them by 0.25 points to set them at 11 %

Interest rates remain low in some American countries, such as the United States, Chile and Colombia. While upward changes are seen in Colombia and Mexico.

The exchange market experiences a dynamic similar to the see-saw game, with fluctuations that have a direct impact on the daily lives of citizens.

In the case of the United States, last week the Fed indicated that rates remain at 5.5 %, for the fifth consecutive time. Mexico, for its part, made an adjustment after three years on Saturday, March 23, to set them at 11 % according to the Bank of Mexico (Banxico).

Ecuador raised interest rates 0.19 points at the beginning of March, from 10.34 % to 10.53 % annually, according to the official macroeconomic data report.

On the contrary, in Colombia the Bank of the Republic published on March 22 a cut in interest rates to 12.25 %.

These are some reference data on how the interest rate sector in America is moving in the first quarter of the year. The implications of these upward or downward adjustments can be seen directly in the inflation index, prices of goods and services, financing and loans, as well as the debt that each nation maintains.


With information from national and international media

(Reference image: Unsplash+, in collaboration with Charlie Harris)

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