Central Bank Vs. Commercial BanksFor six-month term savings in colones, the Central Bank in Costa Rica is offering a return of 8.10%, a rate that is higher than that available at commercial banks.Monday, March 5, 2018 Interest rates Costa Rica Al March 27th, 2019
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In order to attract money from savers in colones in six months terms, the rates currently offered by financial institutions are 8.10% in the case of the Central Bank (Banco Central), 6.85% at Banco Nacional, 6.75% at Banco de Costa Rica and 6.40% in Promérica. Source: Nacion.com Request more information: March 2019 In Costa Rica, the government's strong need for financing and the Central Bank's exchange rate interventions have been putting pressure on the local financial market, pushing up passive rates in Colones. January 2019 The Basic Passive Rate increased from 6% to 6.05%, while the Effective Rate in Dollars went up from 2.52% to 2.57%. September 2017 The Passive Base Rate fell from 5.95% to 5.75%, while the Effective Rate in Dollars also decreased, going from 2.21% to 2.07%. April 2014 For the fourth consecutive week the benchmark for interest rates on investments and loans remains unchanged until May 7.
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