Basic rate in Costa Rica at 11.75%

Starting today and until January 14, the indicator will be at 11.75%, according to the Central Bank.

Thursday, January 8, 2009

Elfinancierocr.com reports, "According to the survey on economic perspectives published this week by the EF, most of the economists that were consulted believe that the indicator could reach 12% this year.

More on this topic

Basic Rate in Costa Rica Drops 11%

June 2009

The drop of one fourth percentage point is registered after three weeks in which the indicator was stable at 11.25%.

With this reduction, the rate reaches the same level observed in November of 2008.

Édgar Delgado publishes in Elfinancierocr.com: "The behavior of this indicator is important and not just because it provides a sign of what savers are receiving for their investments..."

Basic interest rate lowered to 10% in Costa Rica

November 2008

The basic passive rate dropped half a point to 10% between today and November 11, the Central Bank reported.

Week before last, the percentage had dropped from 11% to 10.75% and last week it went from 10.75% to 10%.

The basic passive rate is an average of the interest rates for savings in colones for terms between 150 days (5 months) and 210 days (7 months) calculated by the Central Bank.

Costa Rica: Basic interest rates drops to 10.5%

October 2008

The basic passive rate went down another quarter point this week to 10.5% and will remain there until November 5, the BCCR reported today.

Last week said percentage dropped from 11% to 10.75%.

Passive Basic Rate in Costa Rica down to 10,75%

October 2008

The new Passive Basic Rate in Costa Rica now stands at 10.75%, down 0.25% from 11%.

This reduction means good news, at least for a week, for those who own loans indexed to the Basic Rate, as monthly payments will decrease.
Economist Alberto Franco considers that this small downward movement is normal, but it does not imply a shift in the upward trend of the interest rates in the country.

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