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%

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