Basic Passive Rate Goes Up to 6.30%

The Basic Deposit Rate increased from 6.20% to 6.30%, while the Effective Rate in Dollars increased from 2.81% to 2.88%.

Wednesday, May 29, 2019

The Central Bank of Costa Rica published on Wednesday afternoon May 29 that after remaining unchanged the previous week, the Basic Passive Rate increased by 0.10%, and will remain at 6.30% until next June 5.

The basic passive rate is an average of the collection rates in colones of financial institutions in terms of 150 to 210 days.

The Central Bank also reported that after the Effective Rate in Dollars (TED) fell by 0.08% on May 22, this week increased by 0.07% and will stand at 2.88% over the next 7 days.

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More on this topic

Effective Rate in Dollars Keeps Rising

October 2019

While the Basic Passive Rate remained at 5.65% for the second week, the Effective Rate in Dollars reported a new increase, in this case from 2.49% to 2.52%.

The Central Bank of Costa Rica published on Wednesday afternoon October 30 that after recording an increase the previous week, the Basic Passive Rate will remain unchanged at 5.65% until next November 6.

Effective Rate in Dollars goes up to 2.99%

June 2019

The Effective Rate in Dollars increased from 2.88% to 2.99%, while the Basic Passive Rate did not report changes, in this case it will remain at 6.30%.

The Central Bank of Costa Rica published on Wednesday afternoon June 5 that after the increase of two weeks ago, the Basic Passive Rate did not change and will remain at 6.30% until next June 12. [GRAFICA caption="Click to interact with graph"]

Interest Rates Go Down

April 2019

The Basic Passive Rate decreased from 6.20% to 6.05%, while the Effective Rate in Dollars also decreased, from 2.88% to 2.69%.

The Central Bank of Costa Rica published on Wednesday afternoon April 17 that after recording an increase the previous week, the Basic Passive Rate fell by 0.15%, and will remain at 6.05% until next Wednesday April 24.

Costa Rica: Effective Dollar Rate Goes Up

May 2017

Following an increase recorded last week, the Effective Rate in Dollars dropped to 2.13%, while the Passive Base Rate remains at 4.60%.

After an increase last week, the Central Bank of Costa Rica published on the afternoon of Wednesday May 3, news that the Passive Base Rate will remain unchanged, and the level at which it will remain until next Wednesday May 10 is 4.60%. [GRAFICA caption = "Click to interact with graphics"]

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