The benchmark interest rate for loans and investments in the country has moved up to 6.5% and will stay at that level until at least the 19th of March.
The Central Bank of Costa Rica announced that as of Thursday, March 13th and until at least the 19th of the month, the passive base rate will be located at 6.50%.
The benchmark interest rate for loans and investments will rise 0.05%, as last week it stood at 6.45%, the lowest level since July 2008.
The reference rate for loans and investments will be located at 6.45% until at least Thursday 13 March.
The Central Bank of Costa Rica has announced that starting this June and at least until 13 March, the passive base rate will stand at 6.45%, the lowest level since July 2008.
"At that time, the rate maintained a level of 5.75%."
"The new percentage achieved by the indicator (6.45%) also means a decrease of 0.05 percentage points from its last level reached (6.50%), a level which it maintained for the last three weeks consecutively".
The main benchmark for loans will be located at 6.50% at least until March 5.
The Central Bank of Costa Rica announced that for the third consecutive week and at least until March 5th, the Passive Base Rate (TBP by its initials in Spanish) will stand at 6.50%.
"Since 13 February the TBP started at 6.50% and has remained unchanged since then."
"In 2014, TBP began at the same level (6.50%) and has since reached a maximum value of 6.55%."
The main benchmark rate for loans will remain at that level until at least February 26th.
The Central Bank of Costa Rica has announced that for the second consecutive week and at least until February 26th, the passive base rate will remain at 6.50%.
That level "was the lowest rate recorded during 2013 and was reached for the first time on September 5 of that year."
The main reference for interest rates on loans in Costa Rica will be set at 6.50% until at least 19 February.
The Central Bank of Costa Rica announced that at least until February 19 the passive base rate will be 6.50%, 0.05% less than the previous week when it stood at 6.55%.
"The level of 6.50% is the lowest rate registered during 2013 and was reached for the first time on September 5 of that year."
The Central Bank of Costa Rica reported that the main benchmark for loans will remain at that level until at least January 15.
Elfinancierocr.com reports: "The information represents an increase of 0.05 percentage points from its last recorded level, because the indicator started the year at a rate of 6.50%."
"According to the calculation of the Central bank, the rate increased is due to increases in deposit rates (savings) of public banks and mutual savings and loan companies."
The main indicator for loans in the country will remain at that level until at least December 19, 2013.
The Central Bank of Costa Rica reported that as of December 12 it will lower the PBR by 0.05% compared with the last recorded level which was 6.55%.
Elfinancierocr.com reports that "this percentage is the lowest recorded by the indicator so far in 2013 and it first reached this level on September 5."
From November 28 until December 4 the base rate will go from 6.60% to 6.55%.
Elfinancierocr.com reported that "it was on 25 July when the rate reached its present level (6.55%) for the first time so far this year. Since then, the rate has remained fluctuating between 6.60% and 6.50%. "
"The passive base rate is used as a guide for most loans in colones granted by financial institutions and is calculated based on the weighted performance rates of private and public banks and other financial intermediaries."
The Central Bank reports that, as of this November 14 and at least until 20 the TBP will drop from 6.60% to 6.55%.
Elfinancierocr.com reports: "The rate has been fluctuating between this percentage (6.60%) and the one reached on Wednesday (6.55%), since 12 October this year."
"The Base Rate is used as a guide for most loans in colones granted by financial institutions and is calculated based on the weighted performance of the rates of private and public banks and other financial intermediaries."
The Central Bank of Costa Rica has reported that as of May 30, the base rate will drop 0.5% after remaining for three consecutive weeks at 6.70%.
This is the lowest percentage achieved in the last four and a half years, in which the lowest rate was 6.75%.
"The reduction was due in part to a decrease in average deposit rates at public commercial banks, which went from 6.11% to 6.08% and these entities have the most weight in this calculation", reported Elfinancierocr.com.