Basic Rate in Costa Rica is Nearing Its BottomThe basic passive rate will be located from 7 March at 7.25%, the lowest in the past 18 months, after having reached 11% earlier in October.Thursday, March 7, 2013
Gabriel Alpizar, financial risk manager at the Bank of Costa Rica, said that "the main reason for the fall of the base rate lies in the fact that there is an abundant liquidity in colones which the central bank has made in recent months, adjusting this macroprice which is fundamental to our economy", noted an article in Crhoy.com. Source: Crhoy.com ¿Busca soluciones de inteligencia comercial para su empresa?Base Rate Rises to 11% in Costa RicaOctober 2012 The base rate (BPR) has gone up half a percentage point to stand at 11%, the highest value so far this year. Base Rate in Costa Rica Drops to 10%September 2012 With a decline of half a percentage point, the rate will stand at 10% starting the September 6. Costa Rica: Basic Rate at Highest this YearNovember 2011 With a half-percentage point increase, the basic passive rate (TBP in Spanish) has reached 8.25%, the highest value yet recorded in 2011. Basic Rate Rises to 7.25% in Costa RicaOctober 2010 After spending last week at 6.75%, the passive basic rate will be set tomorrow at 7.25%.
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