Monetary Regulatory Board will take final decision on 0.5% tax on loans

Patricio Rivera, President of the Monetary and Financial Regulatory Board, announced that it is planned to make a decision on the operation of the 0.5% fee that is charged to credits granted to citizens, on the next board meeting.

The authority also said they hope to have an open dialogue with the financial system.

Rivera noted that within the next sessions regulations on reserve requirements, liquidity requirements, regulatory capital and interest rates will be discussed.