Costa Rica: Passive Base Rate Drops to 5.60%

The main bank reference rate has dropped from 5.75% to 5.60%, where it will remain until at least Wednesday March 9.

Thursday, March 3, 2016

Al June 15th, 2016  

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The passive base rate went down again, adjusting to the new calculation methodology implemented by the Central Bank in early February. The reduction is 5.70% to 5.60% where it will remain from Thursday March 3 until at least March 9.

Since October 2015 this is the ninth consecutive time the benchmark rate has dropped, and the fourth time so far in 2016.



More on this topic

Costa Rica: Passive Base Rate Rises to 5.70%

March 2016

The main bank reference rate rose from 5.65% to 5.70%, where it will remain until at least Wednesday April 6.

After maintaining a downward trend, the passive base rate has risen for a second time. The increase is from 5.65% to 5.70% where it will remain from Thursday March 31 until at least April 6.

Costa Rica: Passive Base Rate Drops to 5.55%

March 2016

The main bank reference rate has dropped from 5.65% to 5.55%, where it will remain until at least Wednesday March 23.

The passive base rate went down again, adjusting to the new calculation methodology implemented by the Central Bank in early February. The reduction is from 5.65% to 5.55% where it will remain from Thursday 17 March until at least 23rd of March.

Costa Rica: Passive Base Rate Drops to 5.70%

February 2016

The main bank reference rate has dropped from 5.75% to 5.70%, where it will remain until at least Wednesday March 2.

The passive base rate went down again, adjusting to the new calculation methodology implemented by the Central Bank in early February. The reduction is from 5.75% to 5.70% where it will remain this Thursday February 25 until at least March 2.

Costa Rica: Base Rate Drops to 6.5%

September 2015

For the fourth consecutive week the benchmark for interest rates in the country registered a decline, going from 6.55% to 6.50%.

The indicator calculated by the Central Bank of Costa Rica will remain at 6.50% until at least Wednesday September 9th. Since early this year, when it stood at 7.20% the rate has been declinging, consistent with the slowdown experienced by the economy.

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