Costa Rica Lowers Base Rate to 11.50%

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

Thursday, April 16, 2009


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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."

The base passive rate is calculated by the Central Bank and is a weighted average of interest rates of savings in colones for periods ranging from 150 days (5 months) and 210 days (7 months).

More on this topic

Basic rate increases 0.25% in Costa Rica

December 2008

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.

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.

Costa Rica lowers basic interest rate to 11%

November 2008

The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.

Starting today it will be lowered from 11.25% to 11%.

The basic passive rate is an average of the interest rates for saving in colones at terms of 150 days (5 months) and 210 days (7 months) and is calculated by the Central Bank.

Basic rate in Costa Rica increases to 11.50%

December 2008

As of today, the basic passive rate will go up by 0.50 points to 11.50%, its highest since November 2006.

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

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%.

Nacion.com 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)."

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