Base Rate Rises to 12% in Costa Rica
The rise of a half of a percentage point will take place starting today, being the maximum level registered during 2009.
Thursday, February 26, 2009
Nacion publishes on its website: "Henry Vargas, an expert in the area of Statistics at the Central Bank, stated that this increase in the base rate has taken place due to commercial banks changing their funding strategy, which consists of getting less from external resources and capturing more within the local market.”
The reference rate for setting interest rates in savings and loans increased by 75 basis points.
After dropping a quarter of a percentage point, the rate now stands at 8%, its lowest level since August 2008.
The Basic Passive Rate (TBP) dropped a quarter of a percentage point and now stands at 9.25%.
The Basic Passive Rate has increased by 25 base points and stands at 9.25% as of Thursday 1st March.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar