Costa Rica: Basic interest rates drops to 10.5%

The basic passive rate went down another quarter point this week to 10.5% and will remain there until November 5, the BCCR reported today.

Thursday, October 30, 2008

Last week said percentage dropped from 11% to 10.75%.

More on this topic

Basic Rate in Costa Rica Drops 11%

June 2009

The drop of one fourth percentage point is registered after three weeks in which the indicator was stable at 11.25%.

With this reduction, the rate reaches the same level observed in November of 2008.

Édgar Delgado publishes in Elfinancierocr.com: "The behavior of this indicator is important and not just because it provides a sign of what savers are receiving for their investments..."

Costa Rica: Basic Rate at 11.5%

January 2009

The half point drop effective from today, is the first for the year after two consecutive increases.

Elfinanciero.com reports: "The Basic Passive Rate is an average of the rates paid for investments by financial entities, the Ministry of Housing, and the Central Bank for terms of 150 and 210 days.

Basic interest rate lowered to 10% in Costa Rica

November 2008

The basic passive rate dropped half a point to 10% between today and November 11, the Central Bank reported.

Week before last, the percentage had dropped from 11% to 10.75% and last week it went from 10.75% to 10%.

The basic passive rate is an average of the interest rates for savings in colones for terms between 150 days (5 months) and 210 days (7 months) calculated by the Central Bank.

Basic rate goes up to 11% in Costa Rica

October 2008

The passive basic rate goes up, starting today, by one percentage point, from 10% to 11%, the Central Bank reported today.

The passive basic rate is an average of the interest rates for savings in colones for terms between 150 days (5 months) and 210 days (7 months). With yesterday's increase, there have now been 13 increases since last May, which were interrupted last week with a drop of 0.25 points (10%).

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