Costa Rica: Base Rate Decreases to 11.75%

This decline of 0.50 percentage points is the fourth non-consecutive reduction of the indicator so far this year.

Thursday, March 26, 2009

El Financiero published on its website: "The TBP (Basic Passive Rate) is an average interest rate on money collection among financial institutions, the Ministry of Finance and the Central Bank in time periods between 150 and 210 days.
This is an important indicator because it reflects (on average) what the account holders are receiving for their investment in the market.”

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New Drop in Base Rate in Costa Rica

March 2013

With a drop of 0.15 percentage points the passive base rate (TBP by its initials in Spanish) is located as of this March 14 at 7.10%.

This new adjustment to the indicator is in line with the downward trend seen since late December 2012.

"This is the twelfth consecutive TBP adjustment since 27 December.

Costa Rica Lowers Base Rate to 11.50%

April 2009

Beginning today, the base passive was lowered one quarter-point from 11.75% to 11.50%.

For the second consecutive week, the base passive rate decreased and now sits at 11.50%. However, according to a note by El Financiero Costa Rica, “it has been moving up and down since last October, although with an upward trend."

In Costa Rica basic rate at 11.25%

January 2009

As of today, the basic passive interest rate dropped by a quarter point, from 11.5% to 11.25%. reports: "The basic passive rate was reduced for the second consecutive week this month.

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

Basic interest rate lowered to 10% in Costa Rica

October 2008

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 is an average of the interest rates for savings in colones for terms of 150 days (5 months) and 210 days (7 months). It is used as a reference for loans.

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