Basic Passive Rate Goes Up in Costa Rica to 11.25%
The change in the Basic Passive Rate of 11% to 11.25% announced by the Central Bank of Costa Rica goes into effect today.
Thursday, July 2, 2009
According to Elfinancierocr.com, “This is the first rise in the last four weeks. Since June 11th, it has been at 11.0%.”
As of today, the basic passive interest rate dropped by a quarter point, from 11.5% to 11.25%.
The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.
The passive basic rate goes up, starting today, by one percentage point, from 10% to 11%, the Central Bank reported today.
From today the basic passive rate (TBP in Spanish) rose half a percentage point to settle at 8.5%, a level not seen since May 2010.
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