Basic Passive Rate Falls to 3.75%

This week, the Basic Passive Rate continued to fall, from 3.8% to 3.75%, while the Effective Rate in dollars also fell, from 1.94% to 1.84%.

Wednesday, April 15, 2020

The Central Bank of Costa Rica published on the afternoon of Wednesday, April 15 that after registering considerable drops in the previous weeks, the Basic Passive Rate fell again, in this case by 0.05% and will remain at 3.75% until next Wednesday, April 23.

You may be interested in "Covid-19: Outlook for the Financial Sector"

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 the Effective Rate in Dollars (TED) fell for the seventh consecutive week, and will be at 1.84% during the following 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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Costa Rica: Basic Passive Rate Falls to 4.15%

March 2020

This week, the Basic Passive Rate continued to fall, from 4.35% to 4.15%, while the Effective Rate in dollars also fell, from 2.35% to 2.25%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 25 that after registering considerable drops in the previous weeks, the Basic Passive Rate fell again, in this case by 0.20% and will remain at 4.15% until next Wednesday, April 1.

Costa Rica: Interest Rates Fall

December 2017

The Passive Base Rate fell from 5.90% to 5.75%, while the Effective Rate in Dollars also fell, from 2.20% to 2.19%.

The Central Bank of Costa Rica published, on the afternoon of Wednesday, December 6, news that after remaining unchanged for two weeks, the Passive Base Rate registered a reduction, and will remain at 5.75% until Wednesday, December 13. [GRAFICA caption = "Click to interact with graphics"]

Costa Rica: Passive Base Rate Drops to 5.75%

October 2017

The Passive Base Rate fell from 5.80% to 5.75%, while the Effective Rate in dollars rose to 2.13%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, October 18, news that the Passive Base Rate fell by 0.05%, and the level at which it will remain until next Wednesday, October 25 is 5.75%. [GRAFICA caption = "Click to interact with graphics"]

Interest Rates Fall in Costa Rica

August 2017

The Passive Base Rate fell from 5.95% to 5.90%, while the Effective Rate in Dollars also fell from 2.19% to 2.16%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, August 9, news that the Passive Base Rate fell, and the level at which it will remain until next Wednesday, August 16, is 5.90%. [GRAFICA caption = "Click to interact with graphics"]

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