Costa Rica: Low Interest Rates

The Basic Passive Rate decreased from 5.65% to 5.50%, while the Effective Rate in Dollars also decreased, from 2.52% to 2.33%.

Wednesday, November 6, 2019

The Central Bank of Costa Rica published the afternoon of Wednesday November 6 that after not registering variations the previous week, the Basic Passive Rate fell by 0.15%, and will remain at 5.50% until next Wednesday November 13.

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

The Central Bank also reported that after the 0.03% increase in the Effective Rate in Dollars (TED), recorded last week, the present rate dropped and will stand at 2.33% over the next 7 days.

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More on this topic

Effective Rate in Dollars falls to 2.33%

November 2019

The Basic Passive Rate remained at 5.60%, while the Effective Rate in Dollars reported a decrease, in this case from 2.39% to 2.33%.

The Central Bank of Costa Rica published on Wednesday afternoon November 20 that after recording an increase the previous week, the Basic Passive Rate did not change for the next few days and will remain at 5.6% until next November 27.

Costa Rica: Rising Interest Rates

November 2019

The Basic Passive Rate rose from 5.50% to 5.60%, while the Effective Rate in Dollars also rose, in this case from 2.33% to 2.39%.

The Central Bank of Costa Rica published on Wednesday afternoon November 13 that after registering a decrease the previous week, the Basic Passive Rate rose by 0.10%, and will remain at 5.60% until next Wednesday November 20.

Costa Rica: Effective Rate in Dollars Increases to 2.46%

October 2018

The Effective Rate in Dollars increased from 2.33% to 2.46%, while the Passive Basic Rate remained at 5.80% for the second consecutive week.

On Wednesday afternoon, October 31st, the Central Bank of Costa Rica published that after the 0.05% increase of two weeks ago, the Basic Passive Rate did not change and will remain at 5.80% until next Wednesday, November 7th. [GRAFICA caption="Click to interact with the graph"]

Costa Rica: Rise in Rates in Dollars

March 2018

The Effective Rate in Dollars has risen from 2.29% to 2.33%, while the Passive Base Rate fell from 6.1 to 5.95%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 7 news that after a rise in the last few weeks, the Passive Base Rate registered a reduction of 0.15%, and will remain at 5.95% until Wednesday, March 14th.[GRAFICA caption = "Click to interact with graph"]