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


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According to Elfinancierocr.com, “This is the first rise in the last four weeks. Since June 11th, it has been at 11.0%.”

The basic passive rate is an average of saving interest rates in colones for terms of 150 days (5 months) and 210 days (7 months). It is used as a reference for loans.

More on this topic

In Costa Rica basic rate at 11.25%

January 2009

As of today, the basic passive interest rate dropped by a quarter point, from 11.5% to 11.25%.

Nacion.com reports: "The basic passive rate was reduced for the second consecutive week this month.

The basic passive rate is calculated by the Central Bank and is a weighted average of the interest rates for savings in colones for terms of between 150 days (5 months) and 210 days (7 months)."

Costa Rica lowers basic interest rate to 11%

November 2008

The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.

Starting today it will be lowered from 11.25% to 11%.

The basic passive rate is an average of the interest rates for saving in colones at terms of 150 days (5 months) and 210 days (7 months) and is calculated by the Central Bank.

Basic rate goes up to 11% in Costa Rica

October 2008

The passive basic rate goes up, starting today, by one percentage point, from 10% to 11%, the Central Bank reported today.

The passive basic rate is an average of the interest rates for savings in colones for terms between 150 days (5 months) and 210 days (7 months). With yesterday's increase, there have now been 13 increases since last May, which were interrupted last week with a drop of 0.25 points (10%).

Basic Interest Rate Reaches 8.5% in Costa Rica

January 2012

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.

"The increase was caused by higher deposit rates at state-owned banks, which are the entities that carry the most weight in the definition of the TBP.

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