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Basic Rate Keeps Falling in Costa Rica

The Basic Passive Rate dropped a quarter of a percentage point to 9%, its fourth consecutive decrease.

Thursday, October 29, 2009

After this reduction, the Basic Passive Rate is now at its lowest level since September 2008.

"This new decrease coincides with a modification in the rates paid by Central Bank securities on Friday", reports Elfinancierocr.com. "The Bank has made 4 yield reductions so far this month, dragging down rates in the rest of the system".

Source: elfinancierocr.com