Costa Rica's Basic Rate Now at 12.25%

Starting tomorrow, the Basic Passive Rate, also known as TBP, will be 12.25%.

Wednesday, July 22, 2009

The Basic Passive rates has registered successive increases in June, the highest of them 0.75 percentage points.

"This reduction however, comes as a surprise, as in the last weeks there were contradictory signals on the direction it could take", noted Edgard Delgado in an article in El Financiero's website.

More on this topic

Costa Rica's Base Rate Drops to 6.70%

May 2013

The Central Bank of Costa Rica reported that as of May 9 the passive base rate will be set at 6.70%, down 0.05% from the previous week.

"With this reduction, the basic passive rate (TBP) reaches its lowest level since February 2008. At the beginning of this 2013, the indicator was at 9.20%, so it has lost 2.5% in just four months. A year ago, the TBP was by 10%," noted an article in Elfinancierocr.com.

Costa Rica: Basic Rate Goes Up to 12.25%

March 2009

The increase in the passive base rate, valid beggining today, is of 0.25%.

The person in charge of monetary and financial statistics for the Central Bank of Costa Rica, Pablo Villalobos, told la Nacion "that this week’s increase in the base rate was due to some brokers raising their rates and others lowering them, but increases weighed a little more on the average.”

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)."

Basic interest rate goes up to 10.25% in Costa Rica

October 2008

The basic passive rate, an average of the interest rates for savings, rose from 9.25 to 10.25%, the highest increase recorded in a single week since May.

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

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