Basic Rate Rises to 7.75% in Costa Rica

The basic passive rate rose this Thursday from 7.50% to 7.75%.

Thursday, November 18, 2010

Since late last month, the indicator has shown an upward trend.

"The last time it was at 7.75% TBP was in September and earlier in May", reported Elfinancierocr.com. "Despite the increase, it has not yet reached its highest level of 2010, which was 8.50%",

More on this topic

Base Rate Drops in Costa Rica

August 2012

The Central Bank of Costa Rica has reduced the passive base rate (PBR) by 25 base points, currently standing at 10.25%.

During the last three weeks the PBR stood at 10.50%, the highest value reached in this year.

"The average PBR for this year was 9.5%, whereas in the same period in 2011 it was 7.3%.

Costa Rica: Basic Rate Rises to 9.75%

May 2012

Continuing the upward trend in recent months, the Passive Basic Rate (PBR) has reached values not seen since late 2009.

From Thursday 3rd May the PBR to will go up to 9.75%, reaching a level similar to the end of 2009.

"From the first week of January until the 1st of May, the simple average of the PBR was 9.04%, if you compare that to the corresponding period of 2011 the average was 7.42%", reported Elfinancierocr.com.

Costa Rica: Basic Rate down to 6.75%

October 2010

The passive low base rate falls for the second consecutive week, from 7.50% to 6.75%.

Two weeks ago it temporarily located at 8.25%, showing the vulnerability of the indicator and transient conditions of liquidity as well as sector-specific needs, with the aggravation that this rate is used as the main reference for credit grants, so it has direct effect on financial planning for many businesses and families.

Costa Rica: Basic Rate Down to 7.50%

September 2010

Starting Thursday, September 30, the Passive Basic Rate (TBP) will stand at 7.50%.

El Financiero, on its website explains "the TBP is a weighted average interest rate of gross uptake in Colones, negotiated by financial brokers operting in the country as well as by Central Bank and the Ministry of Finance.”

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