Basic Rate down to 7.25% in Costa Rica

After spending a month at 7.5%, the Basic Passive Rate went down a quarter of a percentage point.

Thursday, March 3, 2011


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The new value is the lowest in 2011; the highest has been 8%.

"The basic passive rate is the combination of the gross interest rates paid by banks and government to savings accounts. Part of credits, especially housing credits, are conditioned to this indicator and the changes affecting it will reflect on monthly payments," reported Elfinancierocr.com.

More on this topic

Basic Rate in Costa Rica Down to 7.5%

February 2011

The basic passive rate dropped a quarter of a percentage point to settle at 7.5%.

During the current year the highest percentage has been 8%, and the lowest 7.25%.

"The current drop was forced by the average rate of state-owned commercial banks, since it is the component which weights the most in the balance", wrote Sergio Morales Chavarria in his article for Elfinancierocr.com.

Basic interest rate lowered to 10% in Costa Rica

November 2008

The basic passive rate dropped half a point to 10% between today and November 11, the Central Bank reported.

Week before last, the percentage had dropped from 11% to 10.75% and last week it went from 10.75% to 10%.

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

Costa Rica: Basic Rate Rises to 9.25%

March 2012

The Basic Passive Rate has increased by 25 base points and stands at 9.25% as of Thursday 1st March.

This percentage of 9.25% is the highest since late last year, in 2011, when it started on its upward trend.

"The last time that the basic passive rate reached that level was in December 2009 when the rate went down after having been at values of up to 12.25%.

Costa Rica: Basic interest rates drops to 10.5%

October 2008

The basic passive rate went down another quarter point this week to 10.5% and will remain there until November 5, the BCCR reported today.

Last week said percentage dropped from 11% to 10.75%.

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