Costa Rica: Base Rate Rises to 7.20%

In line with the projections of rising interest rates, the main reference rate for loans and investments has gone up to 7.20%.

Wednesday, October 8, 2014

After remaining at 7.15% for five consecutive weeks, the base borrowing rate rose by 0.05%, to close at 7.20%, and will stay at this level until at least Wednesday, October 15.

The rate calculated by the Central Bank of Costa Rica, is an average of the rates given for deposits by financial institutions for maturities of between 150 to 210 days.



More on this topic

Passive Base Rate Rises to 7.25%

December 2014

The main benchmark rate in Costa Rica used for loans and investments has risen to 7.25%, standing for the second time this year at its highest level.

Having remained at 7.20% for two consecutive weeks, the passive base rate rose by 0.05%, settling at 7.25%, a level at which it will remain until at least Wednesday 11 December.

Costa Rica: Stability in Base Rate

November 2014

For the third consecutive week the main benchmark interest rate for loans and investments will be located at 7.20% maintaining the stability seen in the last two months.

The Central Bank of Costa Rica has reported that the basic borrowing rate will stay at 7,20% until at least next November 13, 2014.

Passive Base Rate Stays at 7.20%

October 2014

For the second consecutive week the main benchmark rate for loans and investments will be located at 7.20% until at least November 5, 2014.

The Central Bank of Costa Rica reported that the base rate will remain at 7.20% for another week. The indicator has fluctuated between 7.10% and 7.20% in recent months.

Base Lending Rate to Stay at 7%

July 2014

For the second consecutive week the benchmark rate for loans and investments will be located at 7% and will remain at that level at least until August 6.

The Central Bank of Costa Rica has reported that the passive base rate will remain at 7% for another week, until Wednesday 6 August.

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