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
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 basic passive rate goes up by a quarter percentage point starting today, going from 11.50% to 11.75%, according to the Central Bank.
The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.
As of today, the basic passive rate will go up by 0.50 points to 11.50%, its highest since November 2006.
As of today, the basic passive interest rate dropped by a quarter point, from 11.5% to 11.25%.
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