Basic rate goes up to 11% in Costa Rica

The passive basic rate goes up, starting today, by one percentage point, from 10% to 11%, the Central Bank reported today.

Thursday, October 16, 2008


The passive basic rate is an average of the interest rates for savings in colones for terms between 150 days (5 months) and 210 days (7 months). With yesterday's increase, there have now been 13 increases since last May, which were interrupted last week with a drop of 0.25 points (10%).

More on this topic

Basic rate increases 0.25% in Costa Rica

December 2008

The basic passive rate goes up by a quarter percentage point starting today, going from 11.50% to 11.75%, according to the Central Bank.

With yesterday's increase, the rate will be triple what it was in May and returns to the level that was recorded at the start of the year.

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.

Basic rate in Costa Rica increases to 11.50%

December 2008

As of today, the basic passive rate will go up by 0.50 points to 11.50%, its highest since November 2006.

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

Costa Rica: Basic Rate at 11.5%

January 2009

The half point drop effective from today, is the first for the year after two consecutive increases. reports: "The Basic Passive Rate is an average of the rates paid for investments by financial entities, the Ministry of Housing, and the Central Bank for terms of 150 and 210 days.

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