Costa Rica: Basic Passive Rate Falls to 4.15%

This week, the Basic Passive Rate continued to fall, from 4.35% to 4.15%, while the Effective Rate in dollars also fell, from 2.35% to 2.25%.

Wednesday, March 25, 2020

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 25 that after registering considerable drops in the previous weeks, the Basic Passive Rate fell again, in this case by 0.20% and will remain at 4.15% until next Wednesday, April 1.

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

The Central Bank also reported that the Effective Rate in Dollars (TED) fell for the fourth consecutive week, and will be at 2.21% during the next 7 days.

The TED is a gross weighted average of the interest rates of term deposits in dollars, of the different groups of intermediary financial entities.



More on this topic

Basic Passive Rate Falls to 4.35%

March 2020

The Basic Passive Rate continued to decline and for this week fell from 4.50% to 4.35%, while the Effective Dollar Rate also fell from 2.35% to 2.25%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 18th that after registering considerable drops in the previous weeks, the Basic Passive Rate fell again, in this case by 0.15% and will remain at 4.35% until next Wednesday, March 18th.

Interest Rates Go Down

April 2019

The Basic Passive Rate decreased from 6.20% to 6.05%, while the Effective Rate in Dollars also decreased, from 2.88% to 2.69%.

The Central Bank of Costa Rica published on Wednesday afternoon April 17 that after recording an increase the previous week, the Basic Passive Rate fell by 0.15%, and will remain at 6.05% until next Wednesday April 24.

Interest Rates Fall in Costa Rica

August 2017

The Passive Base Rate fell from 5.95% to 5.90%, while the Effective Rate in Dollars also fell from 2.19% to 2.16%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, August 9, news that the Passive Base Rate fell, and the level at which it will remain until next Wednesday, August 16, is 5.90%. [GRAFICA caption = "Click to interact with graphics"]

Costa Rica: Interest Rates Fall Again

April 2017

After an increase last week, the passive base rate fell to 4.40%, and the effective rate in dollars also fell, standing at 1.94%.

The Central Bank of Costa Rica issued news on the afternoon of Wednesday April 19 that the passive base rate dropped by 0.15% and the level where it will remain until next Wednesday 26 April is 4.40%. [GRAFICA caption="Clic para interactuar con la gráfica"]

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