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


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With this reduction, the rate reaches the same level observed in November of 2008.

Édgar Delgado publishes in Elfinancierocr.com: "The behavior of this indicator is important and not just because it provides a sign of what savers are receiving for their investments..."



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Basic rate goes up to 11.25% in Costa Rica

November 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.

Competition among financial intermediaries to attract resources from important clients is one of the main reasons that caused the basic passive rate to go up half a percentage point this week.

Costa Rica lowers basic interest rate to 11%

November 2008

The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.

Starting today it will be lowered from 11.25% to 11%.

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

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%.

Basic rate in Costa Rica at 11.75%

January 2009

Starting today and until January 14, the indicator will be at 11.75%, according to the Central Bank.

Elfinancierocr.com reports, "According to the survey on economic perspectives published this week by the EF, most of the economists that were consulted believe that the indicator could reach 12% this year.

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