Costa Rica: Passive Base Rate Drops to 5.30%

The main reference for loans and investments in the country dropped from 5.40% to 5.30%, a level at which it will remain until at least May 25.

Wednesday, May 18, 2016

Al June 15th, 2016  

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After the descent of the previous week, the Central Bank of Costa Rica (BCCR) published on Wednesday afternoon on May 18 news that the passive base rate will stand at 5.30% until May 25.

The passive base rate is an average of the deposit rates given by financial institutions for maturities of 150-210 days.

The Central Bank also reported that the Effective Rate in Dollars (TED by its initials in Spanish) will be located at 1.89%.



More on this topic

Costa Rica: Interest Rates up to 23 June

June 2016

The passive base rate in colones remains at 5.30%, while the effective tax rate in dollars rose from 1.95% to 2.05%, where it will remain until at least June 29.

After the descent of two weeks ago, the Central Bank of Costa Rica (BCCR) released on Wednesday afternoon on June 22 news that passive base rate will stay at 5.30% until Wednesday June 29 .

Costa Rica: Base Rate Down to 5.3%

June 2016

The main reference for loans and investments decreased from 5.35% to 5.30%, a level at which it will remain at least until June 15.

After the descent of the previous week, the Central Bank of Costa Rica (BCCR) released on Wednesday afternoon, June 8, news that the passive base rate will stand at 5.30% until at least Wednesday June 15.

Costa Rica: Passive Base Rate Rises to 5.40%

May 2016

The main reference rate for loans and investments in the country rose from 5.30% to 5.40%, a level at which it will remain until at least June 1.

After the descent of the previous week, the Central Bank of Costa Rica (BCCR) published on Wednesday afternoon on May 25 news that the passive base rate will stand at 5.40% until June 1.

Costa Rica: Passive Base Rate Rises to 5.55%

April 2016

The main reference for loans and investments in the country rose from 5.50% to 5.55%, a level at which it will remain until at least May 4.

After the descent of the previous week, the Central Bank of Costa Rica (BCCR) published on Wednesday afternoon on April 27 that passive basic rate will stand at 5.55%.until next Wednesday May 4.

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