
Pablo Villamichel
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Pablo Villamichel is the Treasury Manager and Financial Information Analysis Manager at Davivienda, a significant financial institution in Costa Rica. He has been in the news discussing the impact of the monetary policy rate (TPM) on the basic passive rate (TBP) and interbank reference rate (TRI) in colones, emphasizing the factors that contribute to the stability and responsiveness of these interest rates in the current economic climate.
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Pablo Villamichel, the Treasury and financial information analysis manager at Davivienda, stated that the TBP is a weighted average that incorporates low-cost and stable funds.
¿Tiene un préstamo en colones? Así se comportan las tasas de interés de referenciaLa Nación – main Costa Rican daily, est. 1946·
Costa Rica· 2025-08-27


