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Ecuador: Interest rates reduced due to weak demand in 2021

RIO DE JANEIRO, BRAZIL - Interest rates in Ecuador have maintained a systematic downward behavior throughout 2021, and the trend continues in the first two months of 2022. According to data from the Central Bank of Ecuador (BCE), the rates of four segments: microcredit, productive, real estate, and consumer, were reduced between one and three points in this period.

In January 2021, microcredit was at 23.62%, and by December of the same year, it . . .

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