Regulatory Alerts2023-06-30 | CIEX N° 26/2023Added · Updated
CIEX No. 26/2023: Adjustment to the Methodology for Calculating the Reference Interest Rate
The Central Bank of Bolivia adjusts the methodology for calculating the National Currency Reference Interest Rate (TReMN) using a formula based on aggregated monthly income statement charges for public and public enterprise deposits divided by the sum of corresponding balance sheet balances, multiplied by 360 and divided by calendar days. Reference interest rates for other currencies are calculated as the weighted average effective passive interest rate of new fixed-term deposits. The new methodology applies for one calendar month, excludes financial intermediation entities in intervention or liquidation processes starting from the July 2023 publication, and enters into force on July 1, 2023, repealing Circular Externa SGDB No. 024/2018.