Costa Rica: Banks Start Raising Interest RatesEntities have already registered increases in rates for loans and investments in local currency, adjusting to the increases that the Central Bank has made in the monetary policy rate and the rate for electronic deposits.Thursday, June 22, 2017
The increase has occurred in a generalized way in most of the interest rates offered by banks and financial institutions for loans and deposits in colones, days after the Central Bank raised the rate for deposits made through its electronic platform. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need information about the financial sector?Request more information: Need assistance? Contact us
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Interest Rates Rise in Costa RicaJune 2017 The Passive Base Rate has risen again, going from 4.80% to 4.95%, while the Effective Rate in Dollars also increased, going from 2.15% to 2.22%. Costa Rica: Changes in Interest Rate CalculationOctober 2015 From February 2016 the calculation of the passive base rate made by the Central Bank will incorporate total term deposits in colones and the atypical transactions that are excluded will be redefined. Costa Rica: Base Rate Drops to 6.9%May 2015 The main reference interest rate for investments and loans continues its downward trend seen in recent weeks, now standing at 6.90% Is a Reference Rate for Dollars Useful?May 2014 The Central Bank of Costa Rica has suggested creating a benchmark rate for dollars, similar to passive base rate applied to the local currency, the Colón.
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