Basic Passive Rate Drops to 4.50%

The Basic Passive Rate continued to decline and for this week fell from 4.80% to 4.50%, while the Effective Dollar Rate also fell from 2.45% to 2.38%.

Wednesday, March 4, 2020

The Central Bank of Costa Rica published on Wednesday afternoon, March 4 that after registering considerable drops in the previous weeks, the Basic Passive Rate fell again, in this case by 0.30% and will remain at 4.50% until next Wednesday, March 11.

The Basic Passive Rate is an average of the collection rates in colons of the financial institutions at terms of 150 to 210 days.

The Central Bank also informed that after the 0.10% rise in the Effective Rate in Dollars (TED), registered last week, it fell again and will be at 2.38% during the next 7 days.

The TED is a gross weighted average of the interest rates of term deposits in dollars, of the different groups of intermediary financial entities.

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More on this topic

Basic Passive Rate Falls to 4.35%

March 2020

The Basic Passive Rate continued to decline and for this week fell from 4.50% to 4.35%, while the Effective Dollar Rate also fell from 2.35% to 2.25%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 18th that after registering considerable drops in the previous weeks, the Basic Passive Rate fell again, in this case by 0.15% and will remain at 4.35% until next Wednesday, March 18th.

Costa Rica: Interest Rates Fall Again

April 2017

After an increase last week, the passive base rate fell to 4.40%, and the effective rate in dollars also fell, standing at 1.94%.

The Central Bank of Costa Rica issued news on the afternoon of Wednesday April 19 that the passive base rate dropped by 0.15% and the level where it will remain until next Wednesday 26 April is 4.40%. [GRAFICA caption="Clic para interactuar con la gráfica"]

Costa Rica: Interest Rates Fall

February 2017

After two consecutive weeks of rises, the passive base rate dropped from 4.60% to 4.50%, while the effective rate in dollars dropped from 2.24% to 2.03%.

The Central Bank of Costa Rica issued on Wednesday afternoon, February 8 news that after two consecutive weeks of rises, the passive base rate dropped and will remain at 4.50% until Wednesday February 15. [GRAFICA caption = "Click to interact with graphics"]

Costa Rica: Interest Rates in Colones Drop

January 2017

The passive base rate dropped from 4.55% to 4.50%, while the effective tax rate in dollars rose from 2.06% to 2.09%.

The Central Bank of Costa Rica issued on Wednesday afternoon on January 18 news that the passive base rate dropped by 0.05% and will remain at 4.50% until next Wednesday, January 25. [GRAFICA caption = "Click to interact with graphics"]

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