After a week at 11.75% the rate goes back to the 11.50%, level it had between August 6th and September 9th.
"The Central Bank had reported last Wednesday that the increase in the rate was due to a calculation issue rather than a market situation. This is because passive rates had increased slightly in the previous days, but not enough to push the indicator to the next quarter of percentage point", reports Elfinancierocr.com.
The basic passive rate started the year with a decline of 0.75 points to settle at 7.25%.
The indicator calculated by the Central Bank of Costa Rica is located at the same value it had in early December 2010.
"The estimated percentage is lower than that reported by the indicator exactly one year ago, when at the time was at 8.25%, it then dropped to 8% which was maintained until mid-February 2010,"writes Elfinancierocr.com.