Basic rate in Costa Rica increases to 11.50%
As of today, the basic passive rate will go up by 0.50 points to 11.50%, its highest since November 2006.
Thursday, December 4, 2008
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.
The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.
After 12 consecutive increases since May, there was a reduction of 0.25% this week; the basic rate fell to 10%.
The basic passive rate dropped half a point to 10% between today and November 11, the Central Bank reported.
The passive basic rate goes up, starting today, by one percentage point, from 10% to 11%, the Central Bank reported today.
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