| CAPÍTULO IV Sector
Monetario y Financiero |
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Cuadro No. 4.2.3 |
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| TASAS DE INTERÉS REALES ANUALES |
| (En porcentaje) (1985 - 1989) |
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A C T
I V A S |
P A
S I V
A S |
| Periodo |
M.N.(1) |
M.N. |
CMV |
UFV |
M.E. |
Caja
de Ahorro |
Depósitos
a Plazo Fijo |
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M.N. |
UFV |
M.E. |
M.N. |
UFV |
CMV |
M.E. |
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| 1985 |
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| Enero |
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-87.1 |
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-89.1 |
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-87.8 |
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| Febrero |
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-92.0 |
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-93.2 |
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-92.3 |
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| Marzo |
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-93.4 |
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-94.6 |
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-94.0 |
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| Abril |
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-93.4 |
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-94.8 |
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-94.3 |
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-19.6 |
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| Mayo |
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-93.3 |
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-94.9 |
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-94.4 |
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-8.9 |
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| Junio |
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-94.0 |
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-95.5 |
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-95.2 |
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2.7 |
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| Julio |
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-94.8 |
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-96.3 |
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-96.1 |
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16.4 |
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| Agosto |
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-95.8 |
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-97.0 |
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-96.9 |
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6.4 |
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| Septiembre |
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-96.6 |
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-97.7 |
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-97.6 |
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-21.7 |
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| Octubre |
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-96.7 |
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-97.8 |
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-97.7 |
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-28.0 |
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| Noviembre |
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-96.5 |
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-97.8 |
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-97.7 |
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-28.3 |
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| Diciembre |
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-96.1 |
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-97.5 |
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-97.5 |
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-22.6 |
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| 1986 |
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| Enero |
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-95.4 |
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-97.1 |
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-97.0 |
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-32.9 |
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| Febrero |
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-92.6 |
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-95.4 |
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-95.3 |
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-30.9 |
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| Marzo |
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-90.2 |
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-94.0 |
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-93.9 |
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-23.8 |
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| Abril |
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-88.6 |
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-93.0 |
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-92.8 |
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-23.4 |
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| Mayo |
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-86.8 |
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-91.9 |
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-91.6 |
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-26.2 |
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| Junio |
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-83.7 |
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-89.9 |
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-89.5 |
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-30.4 |
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| Julio |
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-79.3 |
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-87.1 |
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-86.5 |
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-36.0 |
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| Agosto |
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-72.6 |
-30.9 |
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-30.5 |
-83.1 |
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-82.1 |
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-34.9 |
-34.9 |
| Septiembre |
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-62.1 |
-17.4 |
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-16.9 |
-75.4 |
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-73.9 |
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-22.1 |
-22.1 |
| Octubre |
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-53.8 |
-11.3 |
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-10.6 |
-69.1 |
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-67.3 |
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-16.2 |
-16.1 |
| Noviembre |
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-47.2 |
-10.5 |
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-9.8 |
-63.6 |
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-61.6 |
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-15.5 |
-15.4 |
| Diciembre |
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-40.0 |
-12.7 |
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-12.0 |
-57.7 |
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-55.4 |
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-17.7 |
-17.5 |
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| 1987 |
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| Enero |
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-30.7 |
-12.9 |
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-12.1 |
-49.9 |
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-47.3 |
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-17.8 |
-17.5 |
| Febrero |
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-22.7 |
-9.4 |
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-8.6 |
-43.0 |
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-40.1 |
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-14.5 |
-14.1 |
| Marzo |
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-16.9 |
-7.6 |
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-6.9 |
-37.2 |
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-34.4 |
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-12.8 |
-12.4 |
| Abril |
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-10.0 |
-5.8 |
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-5.1 |
-30.5 |
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-27.7 |
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-11.1 |
-10.7 |
| Mayo |
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-1.9 |
-4.1 |
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-3.3 |
-23.4 |
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-20.5 |
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-9.6 |
-9.1 |
| Junio |
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5.8 |
-1.4 |
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-0.4 |
-16.1 |
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-13.3 |
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-7.0 |
-6.5 |
| Julio |
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12.3 |
2.3 |
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3.6 |
-9.5 |
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-6.9 |
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-3.4 |
-3.0 |
| Agosto |
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17.4 |
5.6 |
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7.3 |
-4.3 |
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-1.7 |
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-0.1 |
0.3 |
| Septiembre |
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20.2 |
7.0 |
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8.9 |
-0.9 |
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2.0 |
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0.8 |
1.4 |
| Octubre |
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23.4 |
8.3 |
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10.7 |
2.3 |
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5.9 |
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2.1 |
2.8 |
| Noviembre |
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25.7 |
10.6 |
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13.2 |
5.7 |
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9.6 |
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4.2 |
4.9 |
| Diciembre |
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27.4 |
14.4 |
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17.0 |
8.2 |
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12.4 |
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7.4 |
8.2 |
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| 1988 |
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| Enero |
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27.5 |
18.5 |
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21.1 |
9.1 |
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13.4 |
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10.9 |
11.7 |
| Febrero |
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27.2 |
20.6 |
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23.3 |
9.5 |
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14.1 |
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12.6 |
13.5 |
| Marzo |
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27.4 |
22.8 |
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25.7 |
10.1 |
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15.0 |
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14.5 |
15.4 |
| Abril |
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27.1 |
24.5 |
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27.3 |
10.3 |
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15.5 |
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15.8 |
16.8 |
| Mayo |
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26.5 |
25.9 |
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28.7 |
10.4 |
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15.8 |
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16.9 |
17.9 |
| Junio |
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25.1 |
26.2 |
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28.8 |
9.8 |
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15.4 |
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17.3 |
18.2 |
| Julio |
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23.5 |
26.4 |
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28.2 |
8.9 |
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14.7 |
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16.8 |
18.0 |
| Agosto |
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21.5 |
26.1 |
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27.3 |
7.9 |
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13.4 |
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16.2 |
17.5 |
| Septiembre |
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19.9 |
25.1 |
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26.0 |
7.1 |
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12.1 |
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15.6 |
16.7 |
| Octubre |
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18.5 |
24.5 |
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24.7 |
6.4 |
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10.6 |
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15.0 |
15.9 |
| Noviembre |
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17.6 |
23.7 |
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23.5 |
5.5 |
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9.4 |
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14.2 |
15.0 |
| Diciembre |
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16.4 |
22.3 |
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22.1 |
4.5 |
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8.2 |
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13.1 |
13.9 |
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| 1989 |
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| Enero |
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15.0 |
20.4 |
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20.1 |
3.3 |
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7.0 |
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11.5 |
12.3 |
| Febrero |
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13.5 |
18.9 |
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18.3 |
2.4 |
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5.6 |
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10.2 |
10.8 |
| Marzo |
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12.3 |
17.4 |
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16.6 |
1.3 |
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4.2 |
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8.9 |
9.5 |
| Abril |
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11.9 |
16.8 |
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15.7 |
0.9 |
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3.5 |
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8.3 |
8.8 |
| Mayo |
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11.5 |
16.2 |
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14.9 |
0.6 |
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2.8 |
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7.8 |
8.2 |
| Junio |
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11.7 |
15.9 |
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14.8 |
0.6 |
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2.9 |
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7.6 |
8.1 |
| Julio |
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12.7 |
16.2 |
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15.3 |
1.2 |
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1.4 |
3.6 |
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8.0 |
8.6 |
| Agosto |
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13.5 |
17.3 |
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16.5 |
2.1 |
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2.4 |
4.5 |
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9.1 |
9.7 |
| Septiembre |
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14.0 |
18.3 |
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17.6 |
2.5 |
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3.4 |
5.0 |
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9.9 |
10.7 |
| Octubre |
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14.7 |
19.5 |
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18.9 |
2.8 |
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4.5 |
5.3 |
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11.0 |
11.8 |
| Noviembre |
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14.9 |
20.6 |
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20.0 |
2.9 |
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5.5 |
5.6 |
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12.0 |
12.9 |
| Diciembre |
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15.2 |
21.7 |
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21.1 |
2.9 |
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6.5 |
5.5 |
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13.1 |
13.9 |
| Fuente: Banco
Central de Bolivia (BCB). |
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Continúa... |
| Nota: Las
tasas de interés real se calcularon con las siguientes fórmulas: |
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| Donde: |
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| r : Tasa de interés real |
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| i : Tasa de interés nominal
promedio simple de doce meses |
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| t : Tasa de inflación promedio
simple de doce meses |
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| d : Tasa de depreciación promedio
simple de doce meses. Desde 1986, se usó el tipo de cambio promedio oficial
para la venta, en años anteriores se tomó el tipo de cambio del mercado
paralelo para reflejar mejor el tipo |
| (1) No incluye
operaciones del Banco Solidario, ni Banco Los Andes |
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| de cambio de mercado. |
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| CAPÍTULO
IV Sector Monetario y Financiero |
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Cuadro No. 4.2.3 |
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| TASAS DE INTERÉS REALES ANUALES |
| (En porcentaje) (1990 - 1994) |
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A C T
I V A S |
P A
S I V
A S |
| Periodo |
M.N.(1) |
M.N. |
CMV |
UFV |
M.E. |
Caja
de Ahorro |
Depósitos
a Plazo Fijo |
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M.N. |
UFV |
M.E. |
M.N. |
UFV |
CMV |
M.E. |
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| 1990 |
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| Enero |
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15.6 |
23.1 |
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22.4 |
3.1 |
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7.8 |
5.5 |
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14.3 |
15.2 |
| Febrero |
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16.2 |
24.3 |
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23.6 |
3.2 |
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8.9 |
5.5 |
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15.5 |
16.3 |
| Marzo |
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16.4 |
25.6 |
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24.9 |
3.5 |
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10.1 |
5.8 |
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16.7 |
17.5 |
| Abril |
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16.4 |
26.2 |
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25.7 |
3.5 |
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10.9 |
6.1 |
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17.5 |
18.2 |
| Mayo |
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16.5 |
26.8 |
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26.4 |
3.4 |
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11.7 |
6.2 |
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18.2 |
18.9 |
| Junio |
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16.1 |
27.2 |
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26.5 |
3.0 |
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11.9 |
6.0 |
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18.4 |
19.0 |
| Julio |
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15.1 |
26.6 |
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26.1 |
2.1 |
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11.7 |
5.4 |
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18.2 |
18.6 |
| Agosto |
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14.9 |
25.8 |
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25.1 |
1.2 |
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11.2 |
4.5 |
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17.4 |
17.8 |
| Septiembre |
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14.7 |
25.2 |
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24.5 |
1.1 |
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10.9 |
4.0 |
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17.0 |
17.2 |
| Octubre |
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14.5 |
24.3 |
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23.5 |
0.9 |
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10.2 |
4.1 |
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16.2 |
16.3 |
| Noviembre |
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14.7 |
23.3 |
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22.6 |
0.8 |
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9.6 |
3.9 |
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15.3 |
15.5 |
| Diciembre |
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14.6 |
22.4 |
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21.8 |
0.8 |
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9.0 |
3.8 |
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14.5 |
14.7 |
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| 1991 |
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| Enero |
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14.0 |
20.8 |
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20.5 |
0.3 |
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8.0 |
3.6 |
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13.3 |
13.5 |
| Febrero |
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13.5 |
19.5 |
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19.2 |
(0.3) |
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7.0 |
3.5 |
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12.0 |
12.2 |
| Marzo |
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13.2 |
18.3 |
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17.8 |
(0.9) |
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5.8 |
2.9 |
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10.6 |
10.9 |
| Abril |
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12.4 |
17.1 |
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16.4 |
(1.6) |
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4.7 |
2.3 |
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9.3 |
9.7 |
| Mayo |
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11.8 |
15.7 |
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15.1 |
(2.2) |
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3.6 |
1.4 |
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8.0 |
8.4 |
| Junio |
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11.5 |
15.0 |
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14.1 |
(2.6) |
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2.8 |
0.9 |
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7.1 |
7.5 |
| Julio |
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11.4 |
14.2 |
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13.5 |
(2.8) |
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2.2 |
0.6 |
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6.3 |
6.8 |
| Agosto |
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11.0 |
13.3 |
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12.9 |
(3.0) |
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1.7 |
0.7 |
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5.6 |
6.2 |
| Septiembre |
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10.5 |
12.8 |
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12.2 |
(3.5) |
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1.0 |
0.7 |
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4.8 |
5.4 |
| Octubre |
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10.0 |
12.3 |
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11.8 |
(3.6) |
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0.7 |
0.1 |
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4.4 |
4.9 |
| Noviembre |
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10.0 |
12.5 |
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11.6 |
(3.3) |
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0.7 |
0.1 |
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4.2 |
4.7 |
| Diciembre |
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10.2 |
12.4 |
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11.4 |
(3.0) |
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0.6 |
0.3 |
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4.0 |
4.5 |
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| 1992 |
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| Enero |
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10.6 |
12.8 |
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11.8 |
(2.0) |
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1.1 |
1.2 |
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4.3 |
4.9 |
| Febrero |
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10.9 |
13.0 |
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12.0 |
(1.2) |
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1.4 |
1.6 |
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4.4 |
5.1 |
| Marzo |
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11.2 |
13.0 |
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12.2 |
(0.3) |
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1.8 |
2.6 |
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4.6 |
5.2 |
| Abril |
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11.9 |
12.8 |
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12.5 |
0.7 |
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2.1 |
3.0 |
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4.8 |
5.5 |
| Mayo |
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12.8 |
12.8 |
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12.8 |
1.7 |
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2.6 |
3.9 |
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5.0 |
5.8 |
| Junio |
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13.9 |
12.6 |
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13.1 |
2.6 |
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3.0 |
4.5 |
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5.1 |
6.0 |
| Julio |
|
15.3 |
12.6 |
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13.2 |
3.5 |
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3.3 |
5.3 |
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5.2 |
6.2 |
| Agosto |
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16.4 |
13.2 |
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13.5 |
4.3 |
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3.7 |
5.7 |
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5.4 |
6.6 |
| Septiembre |
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17.7 |
13.3 |
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13.8 |
5.1 |
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4.1 |
6.2 |
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5.8 |
7.0 |
| Octubre |
|
19.0 |
13.9 |
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14.1 |
5.7 |
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4.5 |
7.0 |
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6.2 |
7.4 |
| Noviembre |
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20.2 |
13.7 |
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14.3 |
6.1 |
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4.7 |
7.5 |
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6.3 |
7.6 |
| Diciembre |
|
21.4 |
13.8 |
|
14.6 |
6.5 |
|
5.0 |
8.1 |
|
6.5 |
7.9 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 1993 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
|
22.7 |
13.9 |
|
14.7 |
6.8 |
|
5.1 |
8.3 |
|
6.6 |
8.1 |
| Febrero |
|
24.1 |
14.2 |
|
15.1 |
7.3 |
|
5.6 |
9.1 |
|
7.0 |
8.6 |
| Marzo |
|
25.8 |
14.8 |
|
15.7 |
7.8 |
|
6.2 |
9.4 |
|
7.6 |
9.1 |
| Abril |
|
27.1 |
15.6 |
|
16.3 |
8.3 |
|
6.7 |
10.0 |
|
8.2 |
9.8 |
| Mayo |
|
27.7 |
16.1 |
|
16.8 |
8.8 |
|
7.3 |
10.5 |
|
8.8 |
10.4 |
| Junio |
|
28.1 |
16.6 |
|
17.3 |
9.1 |
|
7.8 |
10.9 |
|
9.4 |
10.9 |
| Julio |
|
28.3 |
17.0 |
|
17.8 |
9.5 |
|
8.2 |
11.1 |
|
10.0 |
11.4 |
| Agosto |
|
28.9 |
17.6 |
|
18.0 |
9.8 |
|
8.4 |
11.3 |
|
10.3 |
11.6 |
| Septiembre |
|
29.3 |
17.6 |
|
18.0 |
10.0 |
|
8.5 |
11.2 |
|
10.5 |
11.7 |
| Octubre |
|
29.0 |
17.6 |
|
18.0 |
10.2 |
|
8.6 |
11.3 |
|
10.6 |
11.7 |
| Noviembre |
|
29.4 |
17.9 |
|
18.1 |
10.4 |
|
8.6 |
11.2 |
|
10.7 |
11.7 |
| Diciembre |
|
29.5 |
17.8 |
|
18.0 |
10.5 |
|
8.6 |
11.0 |
|
10.7 |
11.6 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 1994 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
|
29.7 |
18.0 |
|
18.0 |
10.4 |
|
8.6 |
11.0 |
|
10.8 |
11.6 |
| Febrero |
|
30.1 |
18.2 |
|
17.8 |
10.3 |
|
8.6 |
10.6 |
|
10.8 |
11.4 |
| Marzo |
|
30.0 |
18.1 |
|
17.6 |
10.1 |
|
8.5 |
10.3 |
|
10.8 |
11.3 |
| Abril |
|
30.3 |
18.3 |
|
17.4 |
9.8 |
|
8.3 |
10.2 |
|
10.7 |
11.1 |
| Mayo |
|
31.0 |
18.5 |
|
17.2 |
9.5 |
|
8.1 |
9.9 |
|
10.6 |
10.8 |
| Junio |
|
30.7 |
18.6 |
|
17.0 |
9.3 |
|
8.0 |
9.8 |
|
10.5 |
10.7 |
| Julio |
|
31.0 |
18.9 |
|
16.7 |
9.0 |
|
7.9 |
9.7 |
|
10.4 |
10.6 |
| Agosto |
|
31.0 |
18.3 |
|
16.7 |
8.9 |
|
8.0 |
9.6 |
|
10.4 |
10.6 |
| Septiembre |
|
31.3 |
18.1 |
|
16.7 |
8.8 |
|
8.0 |
9.5 |
|
10.4 |
10.6 |
| Octubre |
|
32.2 |
17.5 |
|
16.6 |
8.7 |
|
8.0 |
9.3 |
|
10.4 |
10.6 |
| Noviembre |
|
31.8 |
16.7 |
|
16.2 |
8.4 |
|
7.7 |
9.0 |
|
10.1 |
10.3 |
| Diciembre |
|
31.7 |
16.4 |
|
15.8 |
8.1 |
|
7.4 |
8.8 |
|
9.8 |
10.0 |
| Fuente: Banco
Central de Bolivia (BCB). |
|
|
|
|
|
|
|
|
|
Continúa... |
| Nota: Las
tasas de interés real se calcularon con las siguientes fórmulas: |
|
|
|
|
|
|
|
|
| |
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| |
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| |
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|
|
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|
|
|
|
| Donde: |
|
|
|
|
|
|
|
|
|
|
|
|
| r : Tasa de interés real |
|
|
|
|
|
|
|
|
|
|
|
| i : Tasa de interés nominal
promedio simple de doce meses |
|
|
|
|
|
|
|
|
|
|
|
|
|
| t : Tasa de inflación promedio
simple de doce meses |
|
|
|
|
|
|
|
|
|
| d : Tasa de depreciación promedio
simple de doce meses. Desde 1986, se usó el tipo de cambio promedio oficial
para la venta, en años anteriores se tomó el tipo de cambio del mercado
paralelo para reflejar mejor el tipo |
| (1) No incluye
operaciones del Banco Solidario, ni Banco Los Andes |
|
|
|
|
|
|
|
|
| de cambio de mercado. |
|
|
|
|
|
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|
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| |
|
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|
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|
|
|
|
|
|
|
| CAPÍTULO
IV Sector Monetario y Financiero |
|
|
|
|
|
|
|
|
Cuadro No. 4.2.3 |
| |
|
|
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|
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| |
|
|
|
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|
|
|
|
| TASAS DE INTERÉS REALES ANUALES |
| (En porcentaje) (1995 - 1995) |
| |
|
|
|
|
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| |
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|
| |
A C T
I V A S |
P A
S I V
A S |
| Periodo |
M.N.(1) |
M.N. |
CMV |
UFV |
M.E. |
Caja
de Ahorro |
Depósitos
a Plazo Fijo |
| |
M.N. |
UFV |
M.E. |
M.N. |
UFV |
CMV |
M.E. |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 1995 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
|
31.2 |
15.9 |
|
15.4 |
7.8 |
|
7.0 |
8.3 |
|
9.5 |
9.6 |
| Febrero |
|
30.6 |
15.0 |
|
14.8 |
7.5 |
|
6.5 |
8.0 |
|
9.0 |
9.1 |
| Marzo |
|
29.8 |
13.9 |
|
14.2 |
7.3 |
|
5.9 |
7.9 |
|
8.3 |
8.5 |
| Abril |
|
29.0 |
12.8 |
|
13.4 |
6.9 |
|
5.2 |
7.7 |
|
7.6 |
7.8 |
| Mayo |
|
28.2 |
11.6 |
|
12.6 |
6.6 |
|
4.4 |
7.4 |
|
6.8 |
7.0 |
| Junio |
|
28.4 |
10.5 |
|
11.8 |
6.3 |
|
3.6 |
6.7 |
|
6.0 |
6.3 |
| Julio |
|
27.7 |
9.6 |
|
11.1 |
6.0 |
|
3.0 |
6.6 |
|
5.4 |
5.7 |
| Agosto |
|
27.5 |
8.9 |
|
10.6 |
5.8 |
|
2.4 |
6.7 |
|
4.8 |
5.1 |
| Septiembre |
|
27.0 |
8.4 |
|
10.1 |
5.6 |
|
1.9 |
6.8 |
|
4.3 |
4.6 |
| Octubre |
|
26.7 |
7.8 |
|
9.7 |
5.4 |
|
1.4 |
6.8 |
|
3.9 |
4.2 |
| Noviembre |
|
26.9 |
7.4 |
|
9.5 |
5.2 |
|
1.1 |
6.8 |
|
3.6 |
4.0 |
| Diciembre |
|
26.4 |
6.6 |
|
9.2 |
4.9 |
|
0.8 |
6.9 |
|
3.1 |
3.7 |
| 1996 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
|
26.1 |
5.8 |
|
8.9 |
4.6 |
|
0.4 |
6.8 |
|
2.8 |
3.5 |
| Febrero |
|
25.4 |
5.4 |
|
8.4 |
4.0 |
|
(0.1) |
6.5 |
|
2.4 |
3.0 |
| Marzo |
|
25.3 |
4.9 |
|
8.2 |
3.7 |
|
(0.3) |
6.2 |
|
2.2 |
2.8 |
| Abril |
|
25.8 |
5.0 |
|
8.4 |
3.6 |
|
(0.3) |
6.1 |
|
2.2 |
2.9 |
| Mayo |
|
25.7 |
5.2 |
|
8.6 |
3.5 |
|
(0.2) |
6.0 |
|
2.3 |
3.0 |
| Junio |
|
25.8 |
5.4 |
|
8.8 |
3.4 |
|
(0.0) |
6.1 |
|
2.4 |
3.1 |
| Julio |
|
26.0 |
5.3 |
|
8.8 |
3.1 |
|
- |
5.8 |
|
2.5 |
3.1 |
| Agosto |
|
25.6 |
5.2 |
|
8.8 |
2.8 |
|
(0.1) |
5.3 |
|
2.3 |
3.0 |
| Septiembre |
|
25.4 |
5.2 |
|
8.7 |
2.4 |
|
(0.2) |
4.8 |
|
2.2 |
2.8 |
| Octubre |
|
25.5 |
5.4 |
|
8.9 |
2.4 |
|
(0.0) |
4.6 |
|
2.3 |
2.9 |
| Noviembre |
|
25.8 |
5.9 |
|
9.1 |
2.4 |
|
0.2 |
4.6 |
|
2.6 |
3.0 |
| Diciembre |
|
26.7 |
7.0 |
|
9.5 |
2.7 |
|
0.6 |
4.6 |
|
3.0 |
3.3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 1997 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
|
27.8 |
7.8 |
|
10.1 |
3.2 |
|
1.2 |
4.9 |
|
3.3 |
3.7 |
| Febrero |
|
29.3 |
8.7 |
|
11.0 |
4.1 |
|
2.1 |
5.6 |
|
4.1 |
4.4 |
| Marzo |
|
30.8 |
9.8 |
|
11.8 |
4.8 |
|
2.8 |
6.2 |
|
4.8 |
5.1 |
| Abril |
|
31.6 |
10.6 |
|
12.3 |
5.4 |
|
3.3 |
6.5 |
|
5.2 |
5.5 |
| Mayo |
|
32.6 |
11.8 |
|
12.6 |
5.8 |
|
3.6 |
6.9 |
|
5.4 |
5.6 |
| Junio |
|
33.3 |
12.0 |
|
12.9 |
6.2 |
|
3.9 |
7.1 |
|
5.5 |
5.8 |
| Julio |
|
33.9 |
13.5 |
|
13.1 |
6.7 |
|
4.2 |
7.4 |
|
5.6 |
6.1 |
| Agosto |
|
34.1 |
13.9 |
|
13.5 |
7.2 |
|
4.6 |
7.8 |
|
5.9 |
6.4 |
| Septiembre |
|
35.0 |
14.3 |
|
13.9 |
7.8 |
|
5.0 |
8.3 |
|
6.2 |
6.7 |
| Octubre |
|
34.3 |
14.5 |
|
14.1 |
8.2 |
|
5.2 |
8.6 |
|
6.2 |
6.8 |
| Noviembre |
|
33.5 |
14.4 |
|
14.2 |
8.5 |
|
5.3 |
8.9 |
|
6.2 |
7.0 |
| Diciembre |
14.9 |
32.2 |
13.8 |
|
14.0 |
8.4 |
|
5.2 |
8.8 |
|
5.9 |
6.8 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 1998 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
14.6 |
31.6 |
13.7 |
|
13.6 |
8.1 |
|
4.8 |
8.5 |
|
5.7 |
6.5 |
| Febrero |
14.0 |
30.4 |
13.5 |
|
13.0 |
7.4 |
|
4.2 |
7.9 |
|
5.0 |
5.9 |
| Marzo |
12.8 |
28.8 |
13.1 |
|
12.4 |
6.7 |
|
3.6 |
7.2 |
|
4.4 |
5.3 |
| Abril |
11.6 |
26.5 |
12.5 |
|
11.9 |
6.2 |
|
3.3 |
6.8 |
|
4.1 |
5.0 |
| Mayo |
10.3 |
25.1 |
11.6 |
|
11.7 |
5.7 |
|
3.0 |
6.2 |
|
3.8 |
4.8 |
| Junio |
9.8 |
24.4 |
11.7 |
|
11.6 |
5.3 |
|
3.0 |
5.9 |
|
3.8 |
4.7 |
| Julio |
9.3 |
23.1 |
10.6 |
|
11.7 |
5.0 |
|
3.0 |
5.7 |
|
3.8 |
4.8 |
| Agosto |
9.3 |
23.5 |
10.8 |
|
11.7 |
4.8 |
|
3.1 |
5.5 |
|
3.9 |
4.9 |
| Septiembre |
8.8 |
22.8 |
10.8 |
|
11.6 |
4.3 |
|
3.0 |
5.0 |
|
3.7 |
4.8 |
| Octubre |
8.5 |
22.3 |
10.8 |
|
11.5 |
3.9 |
|
2.9 |
4.6 |
|
3.6 |
4.8 |
| Noviembre |
8.3 |
22.0 |
11.0 |
|
11.3 |
3.5 |
|
2.7 |
4.2 |
|
3.5 |
4.6 |
| Diciembre |
8.7 |
21.9 |
11.3 |
|
11.6 |
3.5 |
|
3.0 |
4.3 |
|
3.9 |
5.0 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 1999 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
9.2 |
21.5 |
12.2 |
|
12.3 |
3.9 |
|
3.6 |
4.7 |
|
4.4 |
5.6 |
| Febrero |
9.9 |
21.9 |
12.6 |
|
13.0 |
4.3 |
|
4.2 |
5.1 |
|
5.0 |
6.3 |
| Marzo |
11.0 |
22.8 |
13.2 |
|
13.7 |
4.8 |
|
4.8 |
5.5 |
|
5.7 |
7.1 |
| Abril |
11.9 |
23.6 |
14.0 |
|
14.4 |
5.3 |
|
5.4 |
6.1 |
|
6.3 |
7.8 |
| Mayo |
12.3 |
24.4 |
14.7 |
|
15.1 |
5.8 |
|
6.0 |
6.6 |
|
7.1 |
8.6 |
| Junio |
12.7 |
24.1 |
15.4 |
|
15.7 |
6.2 |
|
6.5 |
7.2 |
|
7.8 |
9.2 |
| Julio |
13.3 |
25.4 |
15.9 |
|
16.3 |
6.6 |
|
6.9 |
7.6 |
|
8.3 |
9.8 |
| Agosto |
13.7 |
25.0 |
16.5 |
|
16.8 |
6.9 |
|
7.3 |
7.9 |
|
8.7 |
10.3 |
| Septiembre |
14.1 |
24.7 |
17.1 |
|
17.3 |
7.2 |
|
7.7 |
8.3 |
|
9.2 |
10.8 |
| Octubre |
14.5 |
24.7 |
18.0 |
|
17.9 |
7.6 |
|
8.2 |
8.8 |
|
9.7 |
11.4 |
| Noviembre |
15.3 |
26.3 |
18.6 |
|
18.6 |
7.9 |
|
8.7 |
9.3 |
|
10.2 |
12.0 |
| Diciembre |
15.1 |
26.2 |
18.7 |
|
18.8 |
7.9 |
|
8.9 |
9.3 |
|
10.6 |
12.2 |
| Fuente: Banco
Central de Bolivia (BCB). |
|
|
|
|
|
|
|
|
|
Continúa... |
| Nota : Las
tasas de interés real se calcularon con las siguientes fórmulas: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Donde: |
|
|
|
|
|
|
|
|
|
|
|
|
| r : Tasa de interés real |
|
|
|
|
|
|
|
|
|
|
|
| i : Tasa de interés nominal
promedio simple de doce meses |
|
|
|
|
|
|
|
|
| t : Tasa de inflación promedio
simple de doce meses |
|
|
|
|
|
|
|
|
|
| d : Tasa de depreciación promedio
simple de doce meses. Desde 1986, se usó el tipo de cambio promedio oficial
para la venta, en años anteriores se tomó el tipo de cambio del mercado
paralelo para reflejar mejor el tipo |
| (1)
No incluye operaciones del Banco Solidario, ni Banco Los Andes |
|
|
|
|
|
|
|
|
|
|
|
|
|
| de cambio de mercado. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| CAPÍTULO
IV Sector Monetario y Financiero |
|
|
|
|
|
|
|
|
Cuadro No. 4.2.3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| TASAS DE INTERÉS REALES ANUALES |
| (En porcentaje) (2000 - 2004) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
A C T
I V A S |
P A
S I V
A S |
| Periodo |
M.N.(1) |
M.N. |
CMV |
UFV |
M.E. |
Caja
de Ahorro |
Depósitos
a Plazo Fijo |
| |
M.N. |
UFV |
M.E. |
M.N. |
UFV |
CMV |
M.E. |
| |
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| 2000 |
|
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|
|
| Enero |
14.8 |
26.9 |
18.3 |
|
18.9 |
7.8 |
|
8.9 |
9.1 |
|
10.8 |
12.3 |
| Febrero |
15.0 |
26.3 |
18.3 |
|
19.0 |
7.7 |
|
9.0 |
8.9 |
|
10.9 |
12.3 |
| Marzo |
14.6 |
25.6 |
18.2 |
|
18.9 |
7.4 |
|
8.8 |
8.6 |
|
10.8 |
12.2 |
| Abril |
14.4 |
26.0 |
17.9 |
|
18.7 |
6.9 |
|
8.5 |
8.1 |
|
10.6 |
11.8 |
| Mayo |
14.4 |
25.6 |
17.6 |
|
18.5 |
6.6 |
|
8.4 |
7.7 |
|
10.1 |
11.6 |
| Junio |
14.2 |
25.7 |
17.4 |
|
18.3 |
6.3 |
|
8.2 |
7.3 |
|
9.8 |
11.3 |
| Julio |
14.2 |
25.3 |
17.1 |
|
18.0 |
5.9 |
|
7.9 |
7.0 |
|
9.7 |
11.0 |
| Agosto |
14.2 |
25.2 |
16.8 |
|
17.8 |
5.6 |
|
7.6 |
6.7 |
|
9.3 |
10.7 |
| Septiembre |
14.1 |
25.5 |
16.4 |
|
17.5 |
5.2 |
|
7.2 |
6.5 |
|
9.2 |
10.3 |
| Octubre |
13.8 |
25.2 |
16.0 |
|
17.0 |
4.7 |
|
6.7 |
6.0 |
|
8.8 |
9.9 |
| Noviembre |
13.3 |
23.6 |
15.9 |
|
16.8 |
4.4 |
|
6.5 |
5.8 |
|
8.6 |
9.6 |
| Diciembre |
13.5 |
23.7 |
16.0 |
|
16.7 |
4.2 |
|
6.4 |
5.7 |
|
8.5 |
9.5 |
| |
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|
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| 2001 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
13.5 |
22.3 |
16.2 |
|
16.7 |
4.1 |
|
6.4 |
5.7 |
|
8.4 |
9.4 |
| Febrero |
13.2 |
21.7 |
16.4 |
|
16.7 |
4.0 |
|
6.4 |
5.8 |
|
8.3 |
9.3 |
| Marzo |
13.4 |
21.1 |
16.8 |
|
16.8 |
4.0 |
|
6.4 |
6.0 |
|
8.4 |
9.4 |
| Abril |
13.7 |
20.5 |
17.3 |
|
17.3 |
4.2 |
|
6.6 |
6.4 |
|
8.7 |
9.6 |
| Mayo |
13.4 |
19.6 |
17.5 |
|
17.4 |
4.2 |
|
6.7 |
6.6 |
|
8.7 |
9.6 |
| Junio |
13.4 |
18.9 |
17.4 |
|
17.5 |
4.0 |
|
6.6 |
6.6 |
|
8.6 |
9.6 |
| Julio |
13.2 |
17.5 |
17.6 |
|
17.6 |
3.9 |
|
6.6 |
6.6 |
|
8.4 |
9.5 |
| Agosto |
13.2 |
16.9 |
17.8 |
|
17.9 |
3.8 |
|
6.7 |
6.7 |
|
8.5 |
9.6 |
| Septiembre |
13.5 |
16.3 |
18.5 |
|
18.4 |
4.1 |
|
7.1 |
6.9 |
|
9.0 |
10.0 |
| Octubre |
14.1 |
16.8 |
18.9 |
|
19.1 |
4.6 |
|
7.7 |
7.6 |
|
9.7 |
10.5 |
| Noviembre |
14.2 |
16.6 |
19.0 |
|
19.4 |
4.6 |
|
7.8 |
7.7 |
|
9.6 |
10.5 |
| Diciembre |
14.5 |
16.4 |
19.0 |
|
19.5 |
4.7 |
|
7.9 |
7.8 |
|
9.5 |
10.4 |
| |
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|
|
| 2002 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
14.6 |
16.5 |
19.0 |
|
19.6 |
4.6 |
|
7.9 |
7.8 |
|
9.5 |
10.3 |
| Febrero |
14.5 |
16.6 |
19.0 |
|
19.8 |
4.5 |
|
7.9 |
7.8 |
|
9.5 |
10.2 |
| Marzo |
14.4 |
16.5 |
19.0 |
|
19.7 |
4.5 |
|
8.0 |
7.8 |
|
9.3 |
10.1 |
| Abril |
14.4 |
16.6 |
19.0 |
|
19.6 |
4.4 |
|
8.0 |
7.6 |
|
9.2 |
9.9 |
| Mayo |
14.9 |
17.4 |
19.1 |
|
19.6 |
4.5 |
|
8.1 |
7.6 |
|
9.1 |
9.8 |
| Junio |
14.9 |
17.4 |
19.7 |
|
19.8 |
4.8 |
|
8.4 |
7.9 |
|
9.3 |
9.9 |
| Julio |
15.1 |
17.8 |
20.2 |
|
20.1 |
5.2 |
|
8.8 |
8.2 |
|
9.6 |
10.2 |
| Agosto |
15.2 |
17.9 |
20.4 |
|
20.2 |
5.5 |
|
9.0 |
8.5 |
|
9.8 |
10.4 |
| Septiembre |
15.2 |
17.8 |
20.7 |
|
20.1 |
5.4 |
|
8.9 |
8.4 |
|
9.5 |
10.5 |
| Octubre |
15.1 |
17.8 |
20.9 |
|
19.9 |
5.2 |
|
8.8 |
8.1 |
|
9.1 |
10.4 |
| Noviembre |
14.8 |
17.5 |
21.0 |
|
19.8 |
5.1 |
|
8.7 |
8.0 |
|
9.1 |
10.4 |
| Diciembre |
14.2 |
17.3 |
21.1 |
|
19.7 |
5.0 |
|
8.7 |
8.2 |
4.8 |
9.0 |
10.5 |
| |
|
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|
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|
|
|
|
| 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
14.0 |
17.0 |
21.1 |
|
19.4 |
5.1 |
|
8.7 |
8.3 |
5.1 |
8.9 |
10.6 |
| Febrero |
13.9 |
16.9 |
21.0 |
|
19.4 |
5.1 |
|
8.6 |
8.5 |
5.3 |
8.9 |
10.5 |
| Marzo |
14.0 |
17.0 |
20.9 |
|
19.1 |
4.9 |
|
8.4 |
8.4 |
5.4 |
8.7 |
10.4 |
| Abril |
14.2 |
17.1 |
20.5 |
|
18.7 |
4.7 |
|
8.1 |
8.2 |
5.5 |
8.7 |
10.1 |
| Mayo |
13.8 |
17.0 |
20.3 |
|
18.3 |
4.5 |
|
7.9 |
8.2 |
5.7 |
8.6 |
9.9 |
| Junio |
13.5 |
16.4 |
19.8 |
13.0 |
17.7 |
4.3 |
|
7.5 |
8.1 |
6.0 |
8.2 |
9.5 |
| Julio |
13.0 |
15.8 |
19.2 |
13.8 |
17.1 |
3.7 |
|
6.9 |
8.1 |
6.0 |
7.7 |
8.9 |
| Agosto |
12.3 |
15.1 |
18.8 |
14.6 |
16.3 |
3.3 |
|
6.3 |
7.8 |
5.9 |
7.2 |
8.2 |
| Septiembre |
11.6 |
14.3 |
17.6 |
15.6 |
15.5 |
2.7 |
|
5.8 |
7.7 |
6.0 |
6.6 |
7.4 |
| Octubre |
10.8 |
13.4 |
16.7 |
16.5 |
14.7 |
2.4 |
|
5.2 |
7.4 |
5.9 |
6.0 |
6.7 |
| Noviembre |
10.5 |
12.8 |
16.4 |
17.7 |
14.1 |
2.2 |
|
4.7 |
7.5 |
6.1 |
5.5 |
6.1 |
| Diciembre |
10.2 |
12.3 |
15.6 |
18.8 |
13.4 |
1.9 |
|
4.1 |
7.3 |
5.7 |
5.0 |
5.4 |
| |
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|
|
| 2004 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
9.6 |
12.1 |
14.9 |
19.9 |
12.7 |
1.6 |
|
3.6 |
7.1 |
5.3 |
4.4 |
4.8 |
| Febrero |
8.9 |
11.5 |
13.9 |
21.0 |
11.9 |
1.4 |
|
2.9 |
6.6 |
5.0 |
3.8 |
4.2 |
| Marzo |
8.1 |
10.5 |
12.5 |
22.1 |
11.4 |
1.2 |
|
2.5 |
6.4 |
5.0 |
3.2 |
3.7 |
| Abril |
7.1 |
9.3 |
12.0 |
21.6 |
10.8 |
1.1 |
2.3 |
2.0 |
6.3 |
4.9 |
2.6 |
3.3 |
| Mayo |
6.1 |
7.9 |
11.4 |
20.6 |
10.4 |
0.8 |
2.7 |
1.6 |
5.8 |
4.8 |
2.2 |
2.8 |
| Junio |
5.8 |
7.6 |
10.5 |
19.5 |
9.9 |
0.5 |
2.3 |
1.2 |
5.4 |
4.6 |
1.7 |
2.5 |
| Julio |
5.8 |
7.6 |
9.5 |
18.3 |
9.5 |
0.5 |
2.1 |
0.8 |
4.9 |
4.4 |
1.4 |
2.1 |
| Agosto |
6.0 |
7.9 |
8.9 |
17.2 |
9.3 |
0.3 |
1.8 |
0.6 |
4.5 |
4.5 |
1.0 |
1.9 |
| Septiembre |
6.2 |
8.2 |
8.5 |
16.1 |
9.1 |
0.3 |
1.8 |
0.3 |
4.2 |
4.6 |
0.9 |
1.7 |
| Octubre |
6.6 |
8.8 |
8.3 |
15.0 |
9.0 |
0.3 |
2.0 |
0.2 |
3.9 |
4.6 |
0.9 |
1.6 |
| Noviembre |
6.4 |
8.6 |
7.6 |
13.6 |
8.8 |
0.1 |
1.9 |
(0.1) |
3.3 |
4.6 |
0.8 |
1.3 |
| Diciembre |
6.4 |
8.5 |
7.2 |
12.2 |
8.6 |
0.0 |
2.0 |
(0.2) |
2.8 |
4.5 |
0.8 |
1.2 |
| Fuente: Banco
Central de Bolivia (BCB). |
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Continúa... |
| Nota: Las
tasas de interés real se calcularon con las siguientes fórmulas: |
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| Donde: |
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| r : Tasa de interés real |
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| i : Tasa de interés nominal
promedio simple de doce meses |
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| t : Tasa de inflación promedio
simple de doce meses |
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| d : Tasa de depreciación promedio
simple de doce meses. Desde 1986, se usó el tipo de cambio promedio oficial
para la venta, en años anteriores se tomó el tipo de cambio del mercado
paralelo para reflejar mejor el tipo |
| (1) No incluye
operaciones del Banco Solidario, ni Banco Los Andes |
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| de cambio de mercado. |
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| CAPÍTULO
IV Sector Monetario y Financiero |
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Cuadro No. 4.2.3 |
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| TASAS DE INTERÉS REALES ANUALES |
| (En porcentaje) (2005 - 2009) |
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A C T
I V A S |
P A
S I V
A S |
| Periodo |
M.N.(1) |
M.N. |
CMV |
UFV |
M.E. |
Caja
de Ahorro |
Depósitos
a Plazo Fijo |
| |
M.N. |
UFV |
M.E. |
M.N. |
UFV |
CMV |
M.E. |
| |
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| 2005 |
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| Enero |
6.7 |
9.0 |
6.7 |
10.9 |
8.5 |
(0.2) |
2.1 |
(0.4) |
2.3 |
4.5 |
0.7 |
0.9 |
| Febrero |
6.9 |
9.5 |
6.4 |
9.6 |
8.4 |
(0.3) |
2.1 |
(0.6) |
1.9 |
4.5 |
0.7 |
0.8 |
| Marzo |
7.2 |
9.9 |
6.7 |
8.1 |
8.3 |
(0.5) |
2.2 |
(0.8) |
1.5 |
4.2 |
0.5 |
0.6 |
| Abril |
7.1 |
10.2 |
6.2 |
8.0 |
8.2 |
(0.7) |
2.1 |
(1.0) |
1.1 |
3.9 |
0.2 |
0.3 |
| Mayo |
7.1 |
10.3 |
5.8 |
7.8 |
8.0 |
(0.8) |
2.0 |
(1.2) |
0.8 |
3.7 |
(0.2) |
0.1 |
| Junio |
7.0 |
10.4 |
5.9 |
7.6 |
7.7 |
(1.0) |
2.0 |
(1.5) |
0.4 |
3.5 |
(0.4) |
(0.2) |
| Julio |
6.7 |
10.4 |
5.8 |
7.6 |
7.6 |
(1.1) |
1.9 |
(1.7) |
0.2 |
3.6 |
(0.7) |
(0.4) |
| Agosto |
6.4 |
10.2 |
5.4 |
7.4 |
7.4 |
(1.3) |
1.9 |
(1.9) |
0.0 |
3.7 |
(0.8) |
(0.7) |
| Septiembre |
6.0 |
9.7 |
5.3 |
7.5 |
7.2 |
(1.5) |
1.9 |
(2.2) |
(0.2) |
3.7 |
(1.3) |
(0.9) |
| Octubre |
5.5 |
9.0 |
5.2 |
7.4 |
6.9 |
(1.6) |
1.8 |
(2.4) |
(0.4) |
3.9 |
(1.7) |
(1.2) |
| Noviembre |
5.6 |
9.2 |
4.9 |
7.6 |
6.8 |
(1.7) |
1.8 |
(2.7) |
(0.5) |
3.9 |
(2.1) |
(1.5) |
| Diciembre |
5.5 |
9.0 |
4.9 |
7.8 |
6.7 |
(1.8) |
1.7 |
(2.9) |
(0.5) |
4.0 |
(2.4) |
(1.6) |
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| 2006 |
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| Enero |
5.2 |
8.4 |
5.1 |
8.2 |
6.6 |
(1.7) |
1.7 |
(3.0) |
(0.5) |
4.2 |
(2.7) |
(1.7) |
| Febrero |
5.2 |
8.1 |
5.4 |
8.5 |
6.4 |
(1.7) |
1.7 |
(3.2) |
(0.5) |
4.4 |
(3.0) |
(1.8) |
| Marzo |
5.1 |
7.9 |
5.3 |
8.9 |
6.4 |
(1.7) |
1.7 |
(3.3) |
(0.3) |
4.7 |
(2.8) |
(1.8) |
| Abril |
5.1 |
7.6 |
5.1 |
9.1 |
6.2 |
(1.7) |
1.6 |
(3.4) |
(0.2) |
4.9 |
(3.0) |
(1.9) |
| Mayo |
5.1 |
7.5 |
4.7 |
9.5 |
6.1 |
(1.8) |
1.5 |
(3.6) |
(0.2) |
5.0 |
(3.1) |
(2.0) |
| Junio |
5.1 |
7.3 |
4.4 |
9.8 |
6.2 |
(1.6) |
1.6 |
(3.5) |
0.0 |
5.1 |
(3.0) |
(2.0) |
| Julio |
5.0 |
6.9 |
4.2 |
9.9 |
6.1 |
(1.7) |
1.6 |
(3.5) |
0.0 |
4.9 |
(3.1) |
(2.1) |
| Agosto |
4.8 |
6.6 |
4.0 |
10.0 |
6.1 |
(1.7) |
1.6 |
(3.5) |
(0.0) |
4.9 |
(3.2) |
(2.1) |
| Septiembre |
4.9 |
6.7 |
3.7 |
9.9 |
6.0 |
(1.6) |
1.5 |
(3.4) |
(0.1) |
4.9 |
(3.3) |
(2.1) |
| Octubre |
4.8 |
6.5 |
3.3 |
9.9 |
6.0 |
(1.6) |
1.4 |
(3.3) |
(0.2) |
4.7 |
(3.4) |
(2.1) |
| Noviembre |
4.7 |
6.4 |
3.4 |
9.7 |
5.9 |
(1.7) |
1.3 |
(3.3) |
(0.2) |
4.6 |
(3.4) |
(2.0) |
| Diciembre |
4.7 |
6.4 |
3.2 |
9.4 |
5.8 |
(1.8) |
1.2 |
(3.3) |
(0.3) |
4.3 |
(3.6) |
(2.0) |
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| 2007 |
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| Enero |
4.3 |
6.1 |
2.9 |
8.8 |
5.5 |
(2.0) |
0.9 |
(3.5) |
(0.5) |
3.9 |
(3.4) |
(2.3) |
| Febrero |
4.0 |
5.7 |
2.5 |
8.4 |
5.2 |
(2.3) |
0.5 |
(3.7) |
(0.8) |
3.4 |
(3.6) |
(2.5) |
| Marzo |
3.7 |
5.5 |
2.3 |
7.8 |
4.7 |
(2.5) |
0.1 |
(3.9) |
(1.2) |
2.8 |
(4.2) |
(2.8) |
| Abril |
3.5 |
5.3 |
2.3 |
7.5 |
4.4 |
(2.8) |
(0.1) |
(4.1) |
(1.5) |
2.3 |
(4.4) |
(3.0) |
| Mayo |
3.2 |
5.2 |
2.4 |
7.0 |
4.2 |
(2.9) |
(0.3) |
(4.3) |
(1.7) |
2.0 |
(4.6) |
(3.2) |
| Junio |
2.9 |
4.9 |
2.4 |
6.5 |
3.8 |
(3.2) |
(0.6) |
(4.6) |
(1.9) |
1.5 |
(4.9) |
(3.5) |
| Julio |
2.5 |
4.7 |
2.2 |
6.1 |
3.2 |
(3.5) |
(0.9) |
(5.1) |
(2.4) |
1.0 |
(5.4) |
(3.9) |
| Agosto |
2.0 |
4.3 |
1.7 |
5.6 |
2.4 |
(4.0) |
(1.3) |
(5.8) |
(2.9) |
0.4 |
(6.1) |
(4.6) |
| Septiembre |
1.5 |
4.0 |
1.3 |
5.4 |
1.6 |
(4.5) |
(1.7) |
(6.5) |
(3.4) |
(0.2) |
(6.7) |
(5.3) |
| Octubre |
1.0 |
3.6 |
0.8 |
4.7 |
0.7 |
(5.0) |
(2.1) |
(7.2) |
(3.8) |
(0.8) |
(7.4) |
(6.0) |
| Noviembre |
0.5 |
3.1 |
|
4.2 |
(0.2) |
(5.5) |
(2.4) |
(8.0) |
(4.3) |
(1.3) |
(8.2) |
(6.9) |
| Diciembre |
0.0 |
2.7 |
|
3.5 |
(1.1) |
(6.0) |
(2.7) |
(8.7) |
(4.7) |
(1.6) |
(9.0) |
(7.7) |
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| 2008 |
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| Enero |
(0.3) |
2.5 |
|
3.0 |
(1.9) |
(6.4) |
(2.8) |
(9.3) |
(5.1) |
(1.7) |
(10.0) |
(8.4) |
| Febrero |
(0.7) |
2.2 |
|
2.5 |
(2.8) |
(6.8) |
(3.0) |
(10.1) |
(5.5) |
(2.0) |
(10.7) |
(9.2) |
| Marzo |
(1.2) |
1.8 |
|
1.9 |
(3.6) |
(7.3) |
(3.1) |
(10.8) |
(5.9) |
(2.2) |
(11.5) |
(10.0) |
| Abril |
(1.7) |
1.3 |
|
1.6 |
(4.7) |
(7.8) |
(3.4) |
(11.7) |
(6.3) |
(2.6) |
(12.5) |
(11.0) |
| Mayo |
(2.4) |
0.7 |
|
2.0 |
(6.1) |
(8.5) |
(3.7) |
(12.8) |
(7.0) |
(3.1) |
(13.7) |
(12.2) |
| Junio |
(3.0) |
0.0 |
|
1.9 |
(7.4) |
(9.1) |
(4.1) |
(13.9) |
(7.8) |
(3.4) |
(14.9) |
(13.4) |
| Julio |
(3.4) |
(0.4) |
|
1.6 |
(8.3) |
(9.5) |
(4.0) |
(14.7) |
(8.1) |
(3.3) |
(15.8) |
(14.2) |
| Agosto |
(3.6) |
(0.6) |
|
1.6 |
(9.0) |
(9.6) |
(3.7) |
(15.3) |
(8.2) |
(3.1) |
(16.5) |
(14.8) |
| Septiembre |
(3.9) |
(1.0) |
|
1.2 |
(9.6) |
(9.9) |
(3.5) |
(16.0) |
(8.3) |
(2.9) |
(17.1) |
(15.4) |
| Octubre |
(3.9) |
(1.2) |
|
1.5 |
(10.1) |
(10.0) |
(3.1) |
(16.4) |
(8.5) |
(2.5) |
(17.7) |
(15.8) |
| Noviembre |
(3.8) |
(1.2) |
|
1.9 |
(10.3) |
(10.0) |
(2.6) |
(16.7) |
(8.3) |
(2.1) |
(18.0) |
(16.0) |
| Diciembre |
(3.7) |
(1.2) |
|
2.4 |
(10.4) |
(9.9) |
(2.2) |
(16.8) |
(8.2) |
(1.7) |
(18.3) |
(16.2) |
| |
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| 2009 |
|
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| Enero |
(3.6) |
(1.2) |
|
2.9 |
(10.4) |
(9.9) |
(1.7) |
(17.0) |
(8.1) |
(1.4) |
(18.5) |
(16.3) |
| Febrero |
(3.2) |
(0.9) |
|
3.8 |
(10.1) |
(9.5) |
(0.9) |
(16.8) |
(7.6) |
(0.7) |
(18.4) |
(16.0) |
| Marzo |
(2.5) |
(0.3) |
|
4.8 |
(9.6) |
(9.0) |
(0.0) |
(16.4) |
(6.9) |
0.2 |
(18.0) |
(15.5) |
| Abril |
(1.7) |
0.4 |
|
5.5 |
(8.7) |
(8.4) |
1.0 |
(15.7) |
(6.2) |
1.2 |
(17.3) |
(14.8) |
| Mayo |
(0.7) |
1.5 |
|
5.6 |
(7.3) |
(7.5) |
2.2 |
(14.6) |
(5.3) |
2.4 |
(16.1) |
(13.6) |
| Junio |
0.4 |
2.6 |
|
6.3 |
(5.6) |
(6.5) |
3.4 |
(13.2) |
(4.2) |
3.6 |
(14.7) |
(12.3) |
| Julio |
1.3 |
3.6 |
|
7.1 |
(4.0) |
(5.6) |
4.4 |
(11.8) |
(3.4) |
4.5 |
(13.3) |
(10.9) |
| Agosto |
2.1 |
4.4 |
|
7.7 |
(2.3) |
(4.9) |
5.1 |
(10.4) |
(2.7) |
5.2 |
(11.9) |
(9.6) |
| Septiembre |
3.1 |
5.4 |
|
8.4 |
(0.7) |
(4.0) |
5.8 |
(8.9) |
(1.9) |
5.8 |
(10.3) |
(8.2) |
| Octubre |
3.9 |
6.3 |
|
9.1 |
0.9 |
(3.2) |
6.3 |
(7.5) |
(1.1) |
6.3 |
(8.7) |
(6.9) |
| Noviembre |
4.6 |
7.1 |
|
9.5 |
2.3 |
(2.5) |
6.6 |
(6.1) |
(0.5) |
6.7 |
(7.2) |
(5.6) |
| Diciembre |
5.2 |
7.7 |
|
9.7 |
3.6 |
(1.8) |
6.9 |
(4.9) |
0.1 |
6.9 |
(5.8) |
(4.4) |
| Fuente: Banco
Central de Bolivia (BCB). |
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Continúa... |
| Nota: Las
tasas de interés real se calcularon con las siguientes fórmulas: |
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| Donde: |
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| r : Tasa de interés real |
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| i : Tasa de interés nominal
promedio simple de doce meses |
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| t : Tasa de inflación promedio
simple de doce meses |
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| d : Tasa de depreciación promedio
simple de doce meses. Desde 1986, se usó el tipo de cambio promedio oficial
para la venta, en años anteriores se tomó el tipo de cambio del mercado
paralelo para reflejar mejor el tipo |
| (1) No incluye
operaciones del Banco Solidario, ni Banco Los Andes |
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| de cambio de mercado. |
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| CAPÍTULO
IV Sector Monetario y Financiero |
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Cuadro No. 4.2.3 |
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| TASAS DE INTERÉS REALES ANUALES |
| (En porcentaje) (2010 - 2015) |
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A C T
I V A S |
P A
S I V
A S |
| Periodo |
M.N.(1) |
M.N. |
CMV |
UFV |
M.E. |
Caja
de Ahorro |
Depósitos
a Plazo Fijo |
| |
M.N. |
UFV |
M.E. |
M.N. |
UFV |
CMV |
M.E. |
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| 2010 |
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| Enero |
5.8 |
8.3 |
|
9.9 |
4.9 |
(1.2) |
7.0 |
(3.6) |
0.6 |
7.0 |
(4.4) |
(3.2) |
| Febrero |
6.1 |
8.6 |
|
9.7 |
5.9 |
(0.8) |
6.8 |
(2.6) |
0.7 |
6.8 |
(3.2) |
(2.2) |
| Marzo |
6.2 |
8.7 |
|
9.3 |
6.7 |
(0.5) |
6.3 |
(1.7) |
0.7 |
6.3 |
(2.2) |
(1.4) |
| Abril |
6.2 |
8.7 |
|
8.8 |
7.2 |
(0.3) |
5.7 |
(1.1) |
0.7 |
5.7 |
(1.5) |
(0.8) |
| Mayo |
6.2 |
8.5 |
|
8.1 |
7.5 |
(0.2) |
4.9 |
(0.7) |
0.7 |
4.9 |
(1.1) |
(0.5) |
| Junio |
6.1 |
8.5 |
|
7.4 |
7.6 |
(0.3) |
4.1 |
(0.5) |
0.5 |
4.1 |
(0.8) |
(0.4) |
| Julio |
5.9 |
8.3 |
|
6.7 |
7.4 |
(0.4) |
3.3 |
(0.5) |
0.4 |
3.3 |
(0.8) |
(0.4) |
| Agosto |
5.7 |
8.1 |
|
6.1 |
7.2 |
(0.5) |
2.5 |
(0.7) |
0.3 |
2.5 |
(0.9) |
(0.5) |
| Septiembre |
5.4 |
7.8 |
|
5.2 |
6.8 |
(0.8) |
1.7 |
(0.9) |
0.1 |
1.7 |
(1.1) |
(0.8) |
| Octubre |
4.9 |
7.5 |
|
4.4 |
6.4 |
(1.0) |
0.9 |
(1.2) |
(0.3) |
0.9 |
(1.4) |
(1.1) |
| Noviembre |
4.4 |
7.0 |
|
3.6 |
5.8 |
(1.4) |
0.1 |
(1.7) |
(1.9) |
(0.0) |
(1.8) |
(1.5) |
| Diciembre |
3.8 |
6.5 |
|
2.7 |
5.1 |
(2.0) |
(0.8) |
(2.3) |
(2.4) |
(0.9) |
(2.4) |
(2.1) |
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| 2011 |
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| Enero |
3.2 |
5.9 |
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1.8 |
4.3 |
(2.6) |
(1.6) |
(3.0) |
(2.0) |
(1.7) |
(3.1) |
(2.8) |
| Febrero |
2.4 |
5.2 |
|
1.0 |
3.4 |
(3.3) |
(2.4) |
(3.8) |
(2.8) |
(2.5) |
(3.9) |
(3.7) |
| Marzo |
1.5 |
4.4 |
|
0.2 |
2.5 |
(4.1) |
(3.2) |
(4.7) |
(3.6) |
(3.3) |
(4.8) |
(4.6) |
| Abril |
0.8 |
3.7 |
|
(0.4) |
1.6 |
(4.8) |
(3.7) |
(5.5) |
(4.3) |
(3.8) |
(5.6) |
(5.4) |
| Mayo |
-0.1 |
2.9 |
|
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0.6 |
(5.5) |
(4.2) |
(6.3) |
(5.0) |
(4.3) |
(6.5) |
(6.2) |
| Junio |
-0.8 |
2.1 |
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(0.3) |
(6.3) |
(4.6) |
(7.2) |
(5.7) |
(4.7) |
(7.3) |
(7.0) |
| Julio |
-1.4 |
1.5 |
|
|
(1.1) |
(6.9) |
(4.8) |
(7.9) |
(6.3) |
(4.9) |
(8.0) |
(7.8) |
| Agosto |
-1.9 |
1.0 |
|
|
(1.8) |
(7.4) |
(4.9) |
(8.6) |
(6.8) |
(4.9) |
(8.7) |
(8.5) |
| Septiembre |
-2.3 |
0.5 |
|
|
(2.4) |
(7.8) |
(4.8) |
(9.1) |
(7.3) |
(4.9) |
(9.3) |
(9.0) |
| Octubre |
-2.6 |
0.3 |
|
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(2.8) |
(8.1) |
(4.6) |
(9.6) |
(7.6) |
(4.5) |
(9.7) |
(9.5) |
| Noviembre |
-2.7 |
0.1 |
|
|
(3.1) |
(8.3) |
(4.1) |
(9.9) |
(7.7) |
(4.0) |
(10.0) |
(9.7) |
| Diciembre |
-2.6 |
0.2 |
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(3.1) |
(8.3) |
(3.5) |
(9.9) |
(7.6) |
(3.4) |
(10.0) |
(9.7) |
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| 2012 |
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| Enero |
-2.3 |
0.5 |
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(2.9) |
(8.1) |
(2.7) |
(9.8) |
(7.3) |
(2.6) |
(9.9) |
(9.6) |
| Febrero |
-1.8 |
1.0 |
|
|
(2.5) |
(7.7) |
(1.7) |
(9.4) |
(6.8) |
(1.6) |
(9.5) |
(9.2) |
| Marzo |
-1.1 |
1.6 |
|
|
(1.9) |
(7.1) |
(0.6) |
(8.9) |
(6.2) |
(0.6) |
(9.0) |
(8.7) |
| Abril |
-0.5 |
2.2 |
|
|
(1.4) |
(6.6) |
0.3 |
(8.4) |
(5.6) |
0.4 |
(8.5) |
(8.1) |
| Mayo |
0.1 |
2.8 |
|
|
(0.7) |
(6.1) |
1.1 |
(7.8) |
(5.1) |
1.2 |
(7.9) |
(7.6) |
| Junio |
0.7 |
3.3 |
|
|
(0.1) |
(5.6) |
1.8 |
(7.3) |
(4.6) |
1.8 |
(7.4) |
(7.1) |
| Julio |
1.2 |
3.9 |
|
|
0.4 |
(5.2) |
2.3 |
(6.7) |
(4.1) |
2.4 |
(6.8) |
(6.5) |
| Agosto |
1.7 |
4.3 |
|
|
1.0 |
(4.7) |
2.7 |
(6.2) |
(3.7) |
2.8 |
(6.3) |
(6.0) |
| Septiembre |
2.2 |
4.8 |
|
|
1.5 |
(4.4) |
3.0 |
(5.7) |
(3.3) |
3.1 |
(5.8) |
(5.5) |
| Octubre |
2.6 |
5.1 |
|
|
1.9 |
(4.0) |
3.1 |
(5.3) |
(3.0) |
3.1 |
(5.3) |
(5.1) |
| Noviembre |
2.6 |
5.4 |
|
|
2.3 |
(3.7) |
|
(4.9) |
(2.8) |
3.1 |
(5.0) |
(4.7) |
| Diciembre |
3.1 |
5.6 |
|
|
2.6 |
(3.5) |
|
(4.6) |
(2.6) |
2.9 |
(4.7) |
(4.5) |
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| 2013 |
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| Enero |
3.2 |
5.6 |
|
|
2.7 |
(3.5) |
|
(4.5) |
(2.7) |
2.6 |
(4.5) |
(4.3) |
| Febrero |
3.2 |
5.5 |
|
|
2.8 |
(3.5) |
|
(4.4) |
(2.8) |
2.1 |
(4.5) |
(4.3) |
| Marzo |
3.1 |
5.5 |
|
|
2.7 |
(3.6) |
|
(4.4) |
(2.9) |
1.7 |
(4.5) |
(4.3) |
| Abril |
3.0 |
5.3 |
|
|
2.7 |
(3.6) |
|
(4.5) |
(3.0) |
1.2 |
(4.5) |
(4.3) |
| Mayo |
3.0 |
5.3 |
|
|
2.7 |
(3.6) |
|
(4.4) |
(3.0) |
0.9 |
(4.5) |
(4.3) |
| Junio |
3.0 |
5.3 |
|
|
2.7 |
(3.6) |
|
(4.4) |
(3.1) |
0.6 |
(4.5) |
(4.3) |
| Julio |
3.0 |
5.3 |
|
|
2.7 |
(3.7) |
|
(4.5) |
(3.1) |
0.4 |
(4.5) |
(4.4) |
| Agosto |
2.8 |
5.1 |
|
|
2.5 |
(3.8) |
|
(4.6) |
(3.2) |
0.1 |
(4.7) |
(4.5) |
| Septiembre |
2.6 |
4.9 |
|
|
2.3 |
(4.0) |
|
(4.8) |
(3.4) |
(0.3) |
(4.9) |
(4.7) |
| Octubre |
2.3 |
4.6 |
|
|
2.0 |
(4.2) |
|
(5.0) |
(3.5) |
(0.6) |
(5.1) |
(4.9) |
| Noviembre |
2.1 |
4.4 |
|
|
1.8 |
(4.4) |
|
(5.2) |
(3.6) |
(0.8) |
(5.3) |
(5.1) |
| Diciembre |
2.0 |
4.3 |
|
|
1.7 |
(4.5) |
|
(5.4) |
(3.7) |
(0.9) |
(5.4) |
(5.3) |
| |
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| 2014 |
|
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| Enero |
1.9 |
4.2 |
|
|
1.6 |
(4.6) |
|
(5.4) |
(3.7) |
(0.9) |
(5.5) |
(5.3) |
| Febrero |
1.9 |
4.1 |
|
|
1.5 |
(4.6) |
|
(5.5) |
(3.7) |
(1.0) |
(5.6) |
(5.4) |
| Marzo |
1.8 |
4.0 |
|
|
1.4 |
(4.7) |
|
(5.6) |
(3.8) |
(0.9) |
(5.7) |
(5.5) |
| Abril |
1.7 |
3.9 |
|
|
1.3 |
(4.8) |
|
(5.7) |
(3.7) |
(0.9) |
(5.8) |
(5.6) |
| Mayo |
1.6 |
3.8 |
|
|
1.2 |
(4.9) |
|
(5.8) |
(3.8) |
(0.9) |
(5.9) |
(5.7) |
| Junio |
1.5 |
3.6 |
|
|
1.0 |
(5.1) |
|
(6.0) |
(3.8) |
(1.0) |
(6.1) |
(5.9) |
| Julio |
1.3 |
3.2 |
|
|
0.8 |
(5.3) |
|
(6.2) |
(3.8) |
(1.1) |
(6.2) |
(6.1) |
| Agosto |
1.3 |
3.0 |
|
|
0.8 |
(5.3) |
|
(6.2) |
(3.6) |
(0.9) |
(6.2) |
(6.0) |
| Septiembre |
1.6 |
3.1 |
|
|
1.0 |
(5.1) |
|
(6.0) |
(3.3) |
(0.5) |
(6.0) |
(5.8) |
| Octubre |
1.9 |
3.2 |
|
|
1.3 |
(4.9) |
|
(5.7) |
(2.9) |
(0.1) |
(5.7) |
(5.5) |
| Noviembre |
2.1 |
3.2 |
|
|
1.5 |
(4.7) |
|
(5.5) |
(2.7) |
0.2 |
(5.5) |
(5.3) |
| Diciembre |
2.1 |
3.1 |
|
|
1.5 |
(4.6) |
|
(5.4) |
(2.7) |
0.3 |
(5.4) |
(5.2) |
| |
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| 2015 |
|
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| Enero |
2.1 |
2.9 |
|
|
1.4 |
(4.6) |
|
(5.4) |
(2.7) |
0.4 |
(5.4) |
(5.2) |
| Febrero |
2.1 |
2.7 |
|
|
1.4 |
(4.6) |
|
(5.4) |
(2.7) |
0.5 |
(5.4) |
(5.2) |
| Marzo |
2.2 |
2.7 |
|
|
1.5 |
(4.5) |
|
(5.3) |
(2.6) |
0.6 |
(5.3) |
(5.1) |
| Abril |
2.4 |
2.7 |
|
|
1.6 |
(4.4) |
|
(5.1) |
(2.6) |
0.7 |
(5.1) |
(4.9) |
| Mayo |
2.5 |
2.6 |
|
|
1.8 |
(4.2) |
|
(4.9) |
(2.5) |
0.8 |
(5.0) |
(4.8) |
| Junio |
2.8 |
2.8 |
|
|
2.2 |
(3.9) |
|
(4.6) |
(2.3) |
1.1 |
(4.6) |
(4.5) |
| Julio |
3.1 |
3.1 |
|
|
2.5 |
(3.6) |
|
(4.3) |
(2.2) |
1.4 |
(4.3) |
(4.1) |
| Agosto |
3.3 |
3.3 |
|
|
2.8 |
(3.4) |
|
(4.1) |
(2.2) |
1.5 |
(4.1) |
(3.9) |
| Septiembre |
3.3 |
3.3 |
|
|
2.8 |
(3.4) |
|
(4.1) |
(2.3) |
1.3 |
(4.1) |
(3.9) |
| Octubre |
3.2 |
3.2 |
|
|
2.7 |
(3.5) |
|
(4.1) |
(2.5) |
1.1 |
(4.1) |
(4.0) |
| Noviembre |
3.3 |
3.3 |
|
|
2.9 |
(3.4) |
|
(4.1) |
(2.6) |
1.0 |
(4.1) |
(3.9) |
| Diciembre |
3.4 |
3.4 |
|
|
3.1 |
(3.3) |
|
(3.9) |
(2.5) |
1.0 |
(3.9) |
(3.8) |
| Fuente: Banco
Central de Bolivia (BCB). |
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Continúa... |
| Nota: Las
tasas de interés real se calcularon con las siguientes fórmulas: |
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| Donde: |
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| r : Tasa de interés real |
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| i : Tasa de interés nominal
promedio simple de doce meses |
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| t : Tasa de inflación promedio
simple de doce meses |
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| d : Tasa de depreciación promedio
simple de doce meses. Desde 1986, se usó el tipo de cambio promedio oficial
para la venta, en años anteriores se tomó el tipo de cambio del mercado
paralelo para reflejar mejor el tipo |
| (1) No incluye
operaciones del Banco Solidario, ni Banco Los Andes |
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| de cambio de mercado. |
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| CAPÍTULO IV
Sector Monetario y Financiero |
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Cuadro No. 4.2.3 |
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| TASAS DE INTERÉS REALES ANUALES |
| (En porcentaje) (2016 - 2022) |
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| |
A C T
I V A S |
P A
S I V
A S |
| Periodo |
M.N.(1) |
M.N. |
CMV |
UFV |
M.E. |
Caja
de Ahorro |
Depósitos
a Plazo Fijo |
| |
M.N. |
UFV |
M.E. |
M.N. |
UFV |
CMV |
M.E. |
| |
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| 2016 |
|
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|
| Enero |
3.6 |
3.6 |
|
|
3.6 |
(3.0) |
|
(3.6) |
(2.2) |
1.1 |
(3.6) |
(3.5) |
| Febrero |
3.8 |
3.8 |
|
|
3.9 |
(2.8) |
|
(3.4) |
(2.0) |
1.2 |
(3.4) |
(3.3) |
| Marzo |
3.9 |
3.9 |
|
|
4.0 |
(2.7) |
|
(3.3) |
(1.9) |
1.2 |
(3.3) |
(3.2) |
| Abril |
3.9 |
3.9 |
|
|
4.1 |
(2.7) |
|
(3.3) |
(1.8) |
1.0 |
(3.3) |
(3.2) |
| Mayo |
3.8 |
3.8 |
|
|
4.1 |
(2.8) |
|
(3.4) |
(2.0) |
0.8 |
(3.4) |
(3.3) |
| Junio |
3.7 |
3.7 |
|
|
4.0 |
(2.9) |
|
(3.4) |
(2.1) |
0.5 |
(3.4) |
(3.4) |
| Julio |
3.7 |
3.7 |
|
|
3.9 |
(2.9) |
|
(3.5) |
(2.2) |
0.4 |
(3.5) |
(3.4) |
| Agosto |
3.6 |
3.6 |
|
|
3.9 |
(3.0) |
|
(3.5) |
(2.2) |
0.2 |
(3.5) |
(3.4) |
| Septiembre |
3.7 |
3.7 |
|
|
4.0 |
(2.9) |
|
(3.5) |
(2.1) |
0.2 |
(3.5) |
(3.4) |
| Octubre |
3.7 |
3.7 |
|
|
4.1 |
(2.9) |
|
(3.4) |
(2.0) |
0.2 |
(3.4) |
(3.3) |
| Noviembre |
3.8 |
3.8 |
|
|
4.1 |
(2.9) |
|
(3.4) |
(2.0) |
0.1 |
(3.4) |
(3.3) |
| Diciembre |
3.7 |
3.7 |
|
|
4.2 |
(2.9) |
|
(3.5) |
(2.0) |
0.0 |
(3.5) |
(3.4) |
| |
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| 2017 |
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| Enero |
3.6 |
3.6 |
|
|
4.1 |
(3.0) |
|
(3.6) |
(2.1) |
(0.2) |
(3.6) |
(3.5) |
| Febrero |
3.6 |
3.6 |
|
|
4.1 |
(3.1) |
|
(3.6) |
(2.2) |
(0.2) |
(3.7) |
(3.6) |
| Marzo |
3.6 |
3.6 |
|
|
4.2 |
(3.1) |
|
(3.7) |
(2.2) |
(0.2) |
(3.7) |
(3.6) |
| Abril |
3.7 |
3.7 |
|
|
4.3 |
(3.0) |
|
(3.5) |
(2.1) |
(0.1) |
(3.5) |
(3.5) |
| Mayo |
4.1 |
4.1 |
|
|
4.6 |
(2.7) |
|
(3.2) |
(1.7) |
0.2 |
(3.2) |
(3.2) |
| Junio |
4.3 |
4.3 |
|
|
4.8 |
(2.5) |
|
(3.0) |
(1.3) |
0.4 |
(3.1) |
(3.0) |
| Julio |
4.4 |
4.4 |
|
|
4.9 |
(2.4) |
|
(3.0) |
(1.1) |
0.5 |
(3.0) |
(2.9) |
| Agosto |
4.4 |
4.4 |
|
|
5.0 |
(2.4) |
|
(3.0) |
(1.0) |
0.5 |
(3.0) |
(2.9) |
| Septiembre |
4.4 |
4.4 |
|
|
5.1 |
(2.4) |
|
(3.0) |
(0.8) |
0.4 |
(3.0) |
(2.9) |
| Octubre |
4.4 |
4.4 |
|
|
5.2 |
(2.3) |
|
(2.9) |
(0.7) |
0.4 |
(2.9) |
(2.9) |
| Noviembre |
4.5 |
4.5 |
|
|
5.4 |
(2.2) |
|
(2.8) |
(0.5) |
0.5 |
(2.8) |
(2.8) |
| Diciembre |
4.6 |
4.6 |
|
|
5.3 |
(2.1) |
|
(2.7) |
(0.2) |
0.6 |
(2.7) |
(2.6) |
| |
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| 2018 |
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| Enero |
4.7 |
4.7 |
|
|
5.4 |
(2.0) |
|
(2.7) |
(0.1) |
0.6 |
|
(2.6) |
| Febrero |
4.7 |
4.7 |
|
|
5.6 |
(2.0) |
|
(2.6) |
0.1 |
0.5 |
|
(2.5) |
| Marzo |
4.7 |
4.7 |
|
|
5.9 |
(1.9) |
|
(2.6) |
0.3 |
0.5 |
|
(2.5) |
| Abril |
4.7 |
4.7 |
|
|
5.9 |
(1.9) |
|
(2.6) |
0.4 |
0.4 |
|
(2.5) |
| Mayo |
4.5 |
4.5 |
|
|
5.9 |
(2.0) |
|
(2.8) |
0.3 |
0.1 |
|
(2.7) |
| Junio |
4.4 |
4.4 |
|
|
5.8 |
(2.1) |
|
(2.9) |
0.3 |
(0.0) |
|
(2.8) |
| Julio |
4.3 |
4.4 |
|
|
5.9 |
(2.0) |
|
(2.9) |
0.3 |
(0.1) |
|
(2.8) |
| Agosto |
4.5 |
4.5 |
|
|
6.1 |
(1.9) |
|
(2.8) |
0.4 |
0.0 |
|
(2.6) |
| Septiembre |
4.7 |
4.8 |
|
|
6.2 |
(1.7) |
|
(2.5) |
0.6 |
0.3 |
|
(2.4) |
| Octubre |
4.9 |
4.9 |
|
|
6.5 |
(1.5) |
|
(2.4) |
0.7 |
0.4 |
|
(2.3) |
| Noviembre |
5.0 |
5.0 |
|
|
6.6 |
(1.4) |
|
(2.3) |
0.8 |
0.4 |
|
(2.2) |
| Diciembre |
5.1 |
5.3 |
|
|
6.8 |
(1.3) |
|
(2.2) |
0.9 |
0.5 |
|
(2.1) |
| |
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| 2019 |
|
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|
|
| Enero |
5.3 |
5.6 |
|
|
6.7 |
(1.2) |
|
(2.1) |
1.1 |
0.6 |
0.0 |
(2.0) |
| Febrero |
5.5 |
5.9 |
|
|
6.8 |
(1.1) |
|
(1.9) |
1.3 |
0.7 |
0.0 |
(1.8) |
| Marzo |
5.6 |
6.2 |
|
|
6.7 |
(0.9) |
|
(1.8) |
1.5 |
0.8 |
0.0 |
(1.7) |
| Abril |
5.8 |
6.6 |
|
|
6.9 |
(0.8) |
|
(1.7) |
1.6 |
0.8 |
0.0 |
(1.5) |
| Mayo |
6.0 |
6.9 |
|
|
7.0 |
(0.7) |
|
(1.6) |
1.7 |
0.9 |
0.0 |
(1.4) |
| Junio |
6.2 |
7.2 |
|
|
7.3 |
(0.5) |
|
(1.4) |
1.9 |
0.9 |
0.0 |
(1.2) |
| Julio |
6.2 |
7.4 |
|
|
7.4 |
(0.5) |
|
(1.4) |
1.8 |
0.8 |
0.0 |
(1.2) |
| Agosto |
6.2 |
7.5 |
|
|
7.4 |
(0.5) |
|
(1.4) |
1.8 |
0.7 |
0.0 |
(1.2) |
| Septiembre |
6.1 |
7.6 |
|
|
7.3 |
(0.6) |
|
(1.5) |
1.7 |
0.5 |
0.0 |
(1.3) |
| Octubre |
6.1 |
7.7 |
|
|
7.3 |
(0.7) |
|
(1.6) |
1.6 |
0.3 |
0.0 |
(1.4) |
| Noviembre |
5.9 |
7.6 |
|
|
7.1 |
(0.8) |
|
(1.8) |
1.5 |
0.0 |
0.0 |
(1.5) |
| Diciembre |
5.9 |
7.6 |
|
|
7.1 |
(0.7) |
|
(1.8) |
1.5 |
(0.0) |
0.0 |
(1.5) |
| |
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| 2020 |
|
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|
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|
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|
|
| Enero |
6.0 |
7.7 |
|
|
7.4 |
(0.7) |
|
(1.8) |
1.6 |
(0.1) |
0.0 |
(1.4) |
| Febrero |
5.9 |
7.5 |
|
|
7.4 |
(0.6) |
|
(1.8) |
1.5 |
(0.1) |
0.0 |
(1.4) |
| Marzo |
5.9 |
7.4 |
|
|
7.3 |
(0.6) |
|
(1.8) |
1.6 |
(0.2) |
0.0 |
(1.4) |
| Abril |
5.8 |
7.1 |
|
|
7.3 |
(0.6) |
|
(1.9) |
1.5 |
(0.2) |
0.0 |
(1.5) |
| Mayo |
5.8 |
6.8 |
|
|
7.5 |
(0.5) |
|
(1.8) |
1.5 |
(0.2) |
0.0 |
(1.4) |
| Junio |
5.8 |
6.6 |
|
|
7.5 |
(0.4) |
|
(1.8) |
1.4 |
(0.1) |
0.0 |
(1.3) |
| Julio |
5.8 |
6.4 |
|
|
7.4 |
(0.3) |
|
(1.8) |
1.6 |
(0.1) |
0.0 |
(1.3) |
| Agosto |
5.9 |
6.2 |
|
|
7.4 |
(0.2) |
|
(1.7) |
1.7 |
0.0 |
0.0 |
(1.2) |
| Septiembre |
6.1 |
6.2 |
|
|
7.3 |
0.0 |
|
(1.5) |
1.9 |
0.2 |
0.0 |
(1.0) |
| Octubre |
6.3 |
6.2 |
|
|
7.4 |
0.3 |
|
(1.4) |
2.1 |
0.4 |
0.0 |
(0.8) |
| Noviembre |
6.9 |
6.5 |
|
|
7.9 |
0.7 |
|
(1.0) |
2.6 |
(0.1) |
0.0 |
(0.5) |
| Diciembre |
7.0 |
6.4 |
|
|
7.9 |
0.8 |
|
(0.9) |
2.7 |
(0.1) |
0.0 |
(0.4) |
| |
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|
|
| 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
7.0 |
6.1 |
|
|
7.7 |
0.7 |
|
(0.9) |
2.6 |
(0.2) |
0.0 |
(0.4) |
| Febrero |
7.2 |
6.1 |
|
|
7.8 |
0.6 |
|
(0.9) |
2.5 |
(0.1) |
0.0 |
(0.4) |
| Marzo |
7.4 |
6.0 |
|
|
7.9 |
0.5 |
|
(0.9) |
2.5 |
(0.1) |
0.0 |
(0.3) |
| Abril |
7.7 |
6.2 |
|
|
7.8 |
0.5 |
|
(0.8) |
2.6 |
0.0 |
0.0 |
(0.2) |
| Mayo |
8.1 |
6.4 |
|
|
8.0 |
0.5 |
|
(0.8) |
2.7 |
0.2 |
0.0 |
(0.1) |
| Junio |
8.5 |
6.6 |
|
|
8.1 |
0.5 |
|
(0.7) |
2.7 |
0.4 |
0.0 |
0.0 |
| Julio |
8.7 |
6.7 |
|
|
8.3 |
0.5 |
|
(0.6) |
2.8 |
0.6 |
0.0 |
0.1 |
| Agosto |
9.0 |
6.8 |
|
|
8.2 |
0.5 |
|
(0.5) |
2.9 |
0.9 |
0.0 |
0.3 |
| Septiembre |
9.0 |
6.9 |
|
|
8.3 |
0.3 |
|
(0.5) |
2.9 |
0.5 |
0.0 |
0.3 |
| Octubre |
9.1 |
6.9 |
|
|
8.2 |
0.2 |
|
(0.5) |
2.7 |
0.4 |
0.0 |
0.3 |
| Noviembre |
8.9 |
6.7 |
|
|
7.9 |
(0.0) |
|
(0.7) |
2.5 |
0.1 |
0.0 |
0.1 |
| Diciembre |
9.0 |
6.7 |
|
|
7.9 |
(0.1) |
|
(0.7) |
2.4 |
0.0 |
0.0 |
0.1 |
| |
|
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|
|
|
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|
|
|
|
|
|
| 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| Enero |
9.1 |
6.8 |
|
|
7.9 |
(0.0) |
|
(0.7) |
2.5 |
0.0 |
0.0 |
0.2 |
| Febrero |
9.1 |
6.9 |
|
|
7.9 |
0.1 |
|
(0.6) |
2.5 |
0.1 |
0.0 |
0.3 |
| Marzo |
9.1 |
6.9 |
|
|
7.9 |
0.1 |
|
(0.6) |
2.5 |
0.1 |
0.0 |
0.3 |
| Abril |
9.0 |
6.9 |
|
|
8.0 |
0.1 |
|
(0.6) |
2.5 |
0.0 |
0.0 |
0.4 |
| Mayo |
8.8 |
6.7 |
|
|
7.6 |
0.1 |
|
(0.7) |
2.4 |
(0.1) |
0.0 |
0.3 |
| Junio |
8.6 |
6.6 |
|
|
7.6 |
(0.1) |
|
(0.8) |
2.4 |
(0.2) |
0.0 |
0.2 |
| Julio |
8.4 |
6.4 |
|
|
7.4 |
(0.2) |
|
(1.0) |
2.2 |
(0.4) |
0.0 |
(0.0) |
| Agosto |
8.2 |
6.2 |
|
|
7.5 |
(0.3) |
|
(1.1) |
2.1 |
(0.5) |
0.0 |
(0.1) |
| Septiembre |
8.1 |
6.1 |
|
|
7.5 |
(0.3) |
|
(1.2) |
2.0 |
(0.5) |
0.0 |
(0.2) |
| Octubre |
7.9 |
5.9 |
|
|
7.4 |
(0.5) |
|
(1.3) |
1.9 |
(0.6) |
0.0 |
(0.3) |
| Noviembre |
7.7 |
5.6 |
|
|
7.3 |
(0.8) |
|
(1.5) |
1.7 |
(0.8) |
0.0 |
(0.5) |
| Diciembre |
7.4 |
5.4 |
|
|
7.2 |
(0.9) |
|
(1.7) |
1.5 |
(0.9) |
0.0 |
(0.7) |
| Fuente: Banco
Central de Bolivia (BCB). |
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| Nota: Las
tasas de interés real se calcularon con las siguientes fórmulas: |
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| Donde: |
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| r : Tasa de interés real |
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| i : Tasa de interés nominal
promedio simple de doce meses |
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| t : Tasa de inflación promedio
simple de doce meses |
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| d : Tasa de depreciación promedio
simple de doce meses. Desde 1986, se usó el tipo de cambio promedio oficial
para la venta, en años anteriores se tomó el tipo de cambio del mercado
paralelo para reflejar mejor el tipo |
| (1) No incluye
operaciones del Banco Solidario, ni Banco Los Andes |
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| de cambio de mercado. |
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