Costa Rica: Increase in Credit Interest Rates in DollarsInterest rates for housing and consumer loans, among others, have risen since last November.Wednesday, January 18, 2012
In the case of mortgages, the interest rate applied by state banks rose from 9.43% in November to 9.84% in January and the rate applied by private institutions moved from 8.32% to 8.68% in the same period. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Effective Rate in Dollars Keeps RisingOctober 2019 While the Basic Passive Rate remained at 5.65% for the second week, the Effective Rate in Dollars reported a new increase, in this case from 2.49% to 2.52%. Interest Rates Rise in Costa RicaNovember 2017 The Passive Base Rate rose from 5.85% to 5.90%, while the Effective Rate in Dollars also increased from 2.12% to 2.17%. Costa Rica: Slow Down in Dollar LoansNovember 2017 As of September of this year, the bank loan portfolio granted to the private sector registered a 5% YoY growth, well below the 13% registered in the same month in 2016. Credit in U.S. Dollars Grows 17% in Costa RicaJune 2012 High interest rates in colones have encouraged a demand for credit in dollars, while local currency loans have grown by only 8.8%.
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