Regulatory Alerts2018-06-07 | 024 2018 SGDB EXTAdded · Updated
024 2018 SGDB EXT
The Central Bank of Bolivia amends the methodology for calculating the Reference Interest Rate for Multiple Banks and SMEs (TReMN) by deriving it from the monthly change in charges for public liabilities (demand, savings, and term deposits) across all currencies, normalized by dividing the charge difference by 360 and the number of calendar days, then dividing by the average balance of these liabilities. For other currencies, the Reference Interest Rate (TRe) is calculated as the weighted average effective passive interest rate of new fixed-term deposits. These new rates apply starting the month following the receipt of financial statements for TReMN and deposit data for other TRe, with a transitional period for June 2018 covering June 7-30 based on April data, followed by standard monthly validity from July 1, 2018.