Basic rate increases 0.25% in Costa Rica
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.
Thursday, December 18, 2008
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.
Starting today and until January 14, the indicator will be at 11.75%, according to the Central Bank.
For the seventh time this year the Central Bank has lowered the monetary policy rate from 3% to 2.25%, and projected that inflation at the end of the year will be close to 0%.
The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.
As of today, the basic passive rate will go up by 0.50 points to 11.50%, its highest since November 2006.
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