"We must be prepared for interest rates up to 4%", says BCP

Miguel Maya, CEO of Millennium BCP, warned that interest rates could rise to 4%, urging businesses to prepare for uncertainty. He emphasized that the era of ultra-low rates is over and advised entrepreneurs to factor in potential rates of 2% to 4% in their planning. Maya also addressed the housing crisis, criticizing the lack of timely planning and response to issues affecting access to housing. He highlighted the importance of social stability for liberal democracy and pointed out contemporary risks such as misinformation and cybersecurity.