Costa Rica's Reduces its Interest Rate Objective to 7.5%The Costa Rican Central Bank (BCCR) has cut its monetary policy managed rate (TPM in Spanish) by 0.5%.Thursday, August 19, 2010
BCCR believes that medium term inflationary pressures have subdued, taking into account underlying variation in prices. In addition, greater exchange rate flexibility has created favorable conditions enabling it to manage monetary policy more effectively," reports Nacion.com. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Base Rate Drops to 8.6% in Costa RicaJanuary 2013 There has been a decrease for the fifth consecutive week of the base borrowing rate by the Central Bank of Costa Rica, settling at 8.6% today. Basic Rate Keeps Falling in Costa RicaOctober 2009 The Basic Passive Rate dropped a quarter of a percentage point to 9%, its fourth consecutive decrease. Costa Rica bank rate jumps 1%July 2008 Costa Rica's Central Bank raised its prime lending rate, or monetary rate, Thursday from eight percent to nine percent. Costa Rica's central bank raises colon interest ratesMay 2008 Costa Rica's central bank raised its monetary policy interest rate from 3.25 percent to 4.25 percent, the elfinancierocr.com website reported.
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