In Costa Rica basic rate at 11.25%
As of today, the basic passive interest rate dropped by a quarter point, from 11.5% to 11.25%.
Thursday, January 29, 2009
Nacion.com reports: "The basic passive rate was reduced for the second consecutive week this month.
The basic passive rate has remained close to 11% for almost a month with slight variations in either directions.
Beginning today, the base passive was lowered one quarter-point from 11.75% to 11.50%.
The basic passive rate dropped half a point to 10% between today and November 11, the Central Bank reported.
After 12 consecutive increases since May, there was a reduction of 0.25% this week; the basic rate fell to 10%.
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