Costa Rica: Base lending rate rises 0.5%
Effective today, the base lending rate will be 5.5 per cent. It has risen by 1.25 per cent during May and June of this year.
Thursday, June 5, 2008
This means the Central Bank's base rate rises by 50 basis points.
The central bank has lowered its policy rate from 5% to 4%, while the passive base rate has dropped from 6.65% to 6.60%.
Effective today, the basic bond interest rate (TBP) in Costa Rica will rise 25 basis points to 5.75 percent, according to the nation's Central Bank.
After remaining between 9.5% and 10% over the past 45 days, the Passive Base Rate has resumed its upward path, reaching its highest level this year.
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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