El Salvador: base interest rate 2010-2017

El Salvador is one of the Latin American countries with the lowest monetary policy rates. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2017, El Salvador's monetary policy rate stood at 2.83 percent, up from 2.42 percent a year earlier.