Base Rate Rises to 10.5% in Costa Rica

Starting tomorrow, Thursday September 27, the passive base rate will increase by 25 base points and will be stand at 10.50%.

Wednesday, September 26, 2012

The passive base rate will increase from 10.25% to 10.50% as a result of its weekly re-calculation.

The PBR is a weighted average calculated weekly by the Central Bank of Costa Rica from the uptake rates of entities in the country’s financial system for fixed periods that are between 150 and 210 days.

Investment securities and loans are tied to this indicator which represents the variable component in these operations.

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More on this topic

Costa Rica: Passive Base Rate Drops to 6.55%

September 2013

The Central Bank has reported that starting from September 5 the PBR will be lowered by 0.05% going from 6.55% to 6.50%.

The passive base rate (PBR) has remained at 6.55% for four consecutive weeks. After this update made by state entity the PBR will remain at 6.50% until September 11th.

Costa Rica: Basic Rate Drops 50 Points

October 2012

After spending a week at 10.75%, the Central Bank set the passive base rate at 10.25%.

Elfinancierocr.com reports that the passive base rate (TBP in Spanish) "has been floating or above 10% for three months now. On July 19 it went from 9.5% to 10%."

The TBP is a weighted average calculated weekly by the Central Bank of Costa Rica on the savings rates of entities in the financial system of the country for fixed periods that are between 150 and 210 days.

Costa Rica: Base Rate Goes From 10.50% to 10.25%

September 2012

Is a reduction in the base rate (BPR) sustainable?

From an article by Aldesa:

The passive rate base fell from 10.5% to 10.25% as a result of its weekly calculation.

Dis aggregating the components of the weekly calculation that determines the level of the base rate, there was a decrease of 51 base points (0.51%) in interest rates paid by public banks for deposits in colones on terms of between 150 and 210 days .

Base Rate Drops in Costa Rica

August 2012

The Central Bank of Costa Rica has reduced the passive base rate (PBR) by 25 base points, currently standing at 10.25%.

During the last three weeks the PBR stood at 10.50%, the highest value reached in this year.

"The average PBR for this year was 9.5%, whereas in the same period in 2011 it was 7.3%.

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