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Bank of Nicaragua Reduces Monetary Reference Rate
Summary by Radio Nicaragua
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The Central Bank of Nicaragua (BCN) reports that it has decided to reduce the Monetary Reference Rate (TRM) by 25 basis points, from 6.00 to 5.75 percent. The TRM is the interest rate used by the BCN as a reference to signal the cost in córdobas of overnight liquidity operations. Similarly, the BCN resolved to reduce the rates for its Monetary Repurchase Agreements and Monetary Deposits (both overnight operations in córdobas without maintenance …
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