Commerce - Colombia - Fixed Term Deposit 2008
In Colombia, the main interest rate reference to deposits is called DTF (Fixed Term Deposit), the DTF will fall 51 base points to 9.82 percent next week, Compared to the current one of 10.33 percent, reported Friday the Central Bank.
The DTF (Fixed Term Deposit) is one of the most important benchmarks in the bankingdetermines the cost of collection and revenue placements in its financial operations.
Then the behavior of the DTF in 2008:
Dan in Real Life ipod
Then the behavior of the DTF in 2008:
EFFECTIVE PERIOD ANNUAL%
December 29-January 4 9.82
DECEMBER 22-28 10.33
DECEMBER 15-21 10.19
DECEMBER 8-14 10.20
DECEMBER 1-7 10.27
NOVEMBER 24-30 9.96
NOVEMBER 17-23 10.02
NOVEMBER 10-16 10.16
NOVEMBER 3-9 10.07
OCTOBER 27-NOVEMBER 2 10.20
OCTOBER 20-26 10.03
OCTOBER 13-19 9.85
OCTOBER 6-12 9.32
SEPTEMBER 29-OCTOBER 5 9.61
SEPTEMBER 22-28 10.05
SEPTEMBER 15-21 10.10
SEPTEMBER 8-14 9.87
SEPTEMBER 1-7 10.21
AUGUST 25-31 9.89
AUGUST 18-24 9.81
AUGUST 11-17 9.89
AUGUST 4-10 9.73
JULY 21-27 9.63
JULY 14-20 9.65
JULY 7-13 9.25
JUNE 30-JULY 6 9.80
JUNE 23-29 9.92
JUNE 16-22 9.80
JUNE 9-15 9.21
JUNE 2-8 9.81
MAY 26-JUNE 1 9.49
MAY 19-25 9.73
MAY 12-18 9.25
MAY 5-11 9.83
APRIL 28-MAY 4 9.75
APRIL 21-27 9.61
APRIL 14-20 9.80
APRIL 7-13 9.74
MARCH 31-APRIL 6 9.82
MARCH 24-30 9.53
MARCH 17-23 9.74
MARCH 10-16 9.21
MARCH 3-9 9.63
FEBRUARY 25-MARCH 2 9.32
FEBRUARY 18-24 9.28
FEBRUARY 11-17 8.54
FEBRUARY 4-10 9.21
JANUARY 28-FEBRERO 3 9.26
JANUARY 21-27 8.97
JANUARY-14-20 9.05
JANUARY 7-13 8.95
DECEMBER 31, JANUARY 6 9.15
Information Source: Reuters(Spanish)
What are the main causes?
- Well, the demand of the resources of the investments of the real economy could be getting lower, if that happens, the DTF will be getting lower.
- The liquidity disponibility in which financial institutions count to cash a CDT (Its like a Bond). If they have more liquidity they wont have the necessity to cash the bond and one of things of the domino effect it creates is that it will lower the DTF
- The reference Rate by the main back ( in the case of Colombia Banco de la Repiblica)
- Inflation, If there is more Inflation, higher DTF
If you are interested in knowing more about it just put your questions in the comments!