Basic Passive Rate Falls to 4.35%

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%.

Wednesday, March 18, 2020

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.

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 third consecutive week and will be at 2.25% 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.



More on this topic

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: Slight Drop in Interest Rates

February 2018

The Passive Base Rate fell from 6.05% to 6%, while the Effective Rate in Dollars also fell, from 2.33% to 2.23%.

On the afternoon of Wednesday, February 7, the Central Bank of Costa Rica published news that for a second consecutive week, the Passive Base Rate fell back to the level recorded 4 weeks ago, and will remain at 6% until Wednesday, February 14. [GRAFICA caption = "Click to interact with graph"]

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: Lower interest rates in Colones and Dollars

January 2017

The passive base rate dropped from 4.45% to 4.35%, while the effective rate in dollars dropped from 2.01% to 1.92%.

The Central Bank of Costa Rica issued on Wednesday afternoon, January 4 news that the passive base rate has returned to the record low of 4.35% where it will remain until Wednesday, January 11.

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