Costa Rica: Basic Rate Starts Year at 7.25%

The basic passive rate started the year with a decline of 0.75 points to settle at 7.25%.

Thursday, January 6, 2011


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The indicator calculated by the Central Bank of Costa Rica is located at the same value it had in early December 2010.

"The estimated percentage is lower than that reported by the indicator exactly one year ago, when at the time was at 8.25%, it then dropped to 8% which was maintained until mid-February 2010,"writes Elfinancierocr.com.

More on this topic

Basic Rate Drops to 8% in Costa Rica

March 2010

In the last three months the Basic Passive rate has hovered between 8% and 8.25%.

The Central Bank of Costa Rica updates this economic indicator every Wednesday.

“Pablo Villalobos, head of financial statistics at the Central Bank, commented that so far 2010, short term rates (less than a year), have remained relatively stable.

Basic Rate in Costa Rica Down to 7.5%

February 2011

The basic passive rate dropped a quarter of a percentage point to settle at 7.5%.

During the current year the highest percentage has been 8%, and the lowest 7.25%.

"The current drop was forced by the average rate of state-owned commercial banks, since it is the component which weights the most in the balance", wrote Sergio Morales Chavarria in his article for Elfinancierocr.com.

Basic Rate down to 7.25% in Costa Rica

March 2011

After spending a month at 7.5%, the Basic Passive Rate went down a quarter of a percentage point.

The new value is the lowest in 2011; the highest has been 8%.

"The basic passive rate is the combination of the gross interest rates paid by banks and government to savings accounts.

Basic Interest Rate Reaches 8.5% in Costa Rica

January 2012

From today the basic passive rate (TBP in Spanish) rose half a percentage point to settle at 8.5%, a level not seen since May 2010.

"The increase was caused by higher deposit rates at state-owned banks, which are the entities that carry the most weight in the definition of the TBP.

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