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.
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.