Basic Rate in Costa Rica Drops 11%
The drop of one fourth percentage point is registered after three weeks in which the indicator was stable at 11.25%.
Thursday, June 11, 2009
With this reduction, the rate reaches the same level observed in November of 2008.
The rate increase of half a percentage point, effective today, bring the interest rate to 11.25% until November 26, the Central Bank reported.
The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.
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.
Starting today and until January 14, the indicator will be at 11.75%, according to the Central Bank.
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