Costa Rica: Basic Rate Down to 7.50%

With half a percentage point lower the Passive Basic Rate stands now at 7.50%

Thursday, January 20, 2011

Calculated by the Central Bank of Costa Rica, the base rate had been at 8% during the week between Jan. 13 and 19.

"Influencing this week´s cut were rate reductions made the Central Bank, the Ministry of Finance and public banks," states La Nacion´s website.

More on this topic

Costa Rica: Base Rate Goes From 10.50% to 10.25%

September 2012

Is a reduction in the base rate (BPR) sustainable?

From an article by Aldesa:

The passive rate base fell from 10.5% to 10.25% as a result of its weekly calculation.

Dis aggregating the components of the weekly calculation that determines the level of the base rate, there was a decrease of 51 base points (0.51%) in interest rates paid by public banks for deposits in colones on terms of between 150 and 210 days .

Costa Rica: Basic Rate down to 6.75%

October 2010

The passive low base rate falls for the second consecutive week, from 7.50% to 6.75%.

Two weeks ago it temporarily located at 8.25%, showing the vulnerability of the indicator and transient conditions of liquidity as well as sector-specific needs, with the aggravation that this rate is used as the main reference for credit grants, so it has direct effect on financial planning for many businesses and families.

Costa Rica: Basic Rate Down to 7.50%

September 2010

Starting Thursday, September 30, the Passive Basic Rate (TBP) will stand at 7.50%.

El Financiero, on its website explains "the TBP is a weighted average interest rate of gross uptake in Colones, negotiated by financial brokers operting in the country as well as by Central Bank and the Ministry of Finance.”

Costa Rica: Basic Passive Rate Drops to 7,5%

September 2010

This is the lowest value in the past two years.

Last time Basic Passive Rate reached this level was in August, 14th, 2008.

Last week the Central Bank, Treasury Ministry, state-owned and private banks reduced their interest rates, reported the Central Bank. "Nevertheless, state owned banks had the strongest influence in this reduction, as they lowered their interest rates the most".

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