Base Rate in Costa Rica Stays at 6.70%

The Central Bank of Costa Rica reported that from 23 and until at least until May 30, the BPR will remain at 6.70%.

Wednesday, May 22, 2013

"The passive base rate (PBR) shows a trend of stability in the short term, particularly from the end of March until the 29th of May, when the most recent calculation of this indicator came into effect ...", reported Elfinancierocr.com.

"Of the groups of entities that are taken into account in the calculation of the PBR, public commercial banks are those whose average deposit rates are lowest at 6.11%, above them are the mutuals for savings and loans with 6.32 % ".



More on this topic

Costa Rica: Basic Rate Remains Stable at 6.55%

September 2013

The Central Bank of Costa Rica reported that for the third consecutive week, the passive base rate will remain at 6.55%.

Nacion.com reports: "With this result the indicator shows signs of stability, after hovering around the same percentage since August 8. It was only during the week of September 12 reported that the rate dropped and stood at 6.50% for a week ".

Costa Rica's Base Rate Drops to 6.70%

May 2013

The Central Bank of Costa Rica reported that as of May 9 the passive base rate will be set at 6.70%, down 0.05% from the previous week.

"With this reduction, the basic passive rate (TBP) reaches its lowest level since February 2008. At the beginning of this 2013, the indicator was at 9.20%, so it has lost 2.5% in just four months. A year ago, the TBP was by 10%," noted an article in Elfinancierocr.com.

Costa Rica's Passive Base Rate Down to 6.75%

April 2013

The PBR has been set, from now until May 1st, at 6.75%, down 0.15% from the previous week, when it stood at 6.90%.

With this new low announced by the Central Bank of Costa Rica, the passive base rate (PBR) has lost 2.75% since Dec. 20 when the current period of decline began.

Costa Rica: Passive Base Rate Drops to 6.90%

April 2013

After three consecutive weeks at 6.95%, the PBR in Costa Rica dropped today to 6.90%.

According to the latest update by the Central Bank of Costa Rica (BCCR), this week the base lending rate (PBR) will drop to 6.90%, the lowest level of indicator in 2013, which started out in January at 9.20%.

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