Consumer loans, the least to grow due to high interest rates and inflation – Financial Sector – Economy
The strong squeeze on the cost of credit that the Banco de la República has been carrying out for more than a year and a half, raising its market intervention rate (today at 13.25 percent), is being felt with increasing intensity in the loans that banks grant to individuals and companies. The growth of the portfolio at the end of the third month of 2023 was only 1.3 percent real per year, being that of consumption the one that registers the worst performance in that period of the year with a negative behavior of 1.3 percent in real terms, the…
