Costa Rica: Basic Rate Down to 7.25%
Maintaining its recent trend of high volatility, the base rate fell 50 basis points to 7.25%.
Thursday, December 16, 2010
In the most recent inflation report, Banco Central de Costa Rica (BCCR) reveals one of the causes of this behavior which generates distortions to individuals and financial instruments that are linked to the national reference rate. The BCCR notes that during the past two months temporary upward variations in the basic rate are due to specific transactions negotiated by some banks with public sector entities at preferential rates.
Starting tomorrow, December 2nd, the passive basic rate will raise 25 basis points.
Continuing the upward trend in recent months, the Passive Basic Rate (PBR) has reached values not seen since late 2009.
The passive low base rate falls for the second consecutive week, from 7.50% to 6.75%.
Starting Thursday, September 30, the Passive Basic Rate (TBP) will stand at 7.50%.
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