Costa Rica: Passive Base Rate Rises to 5.70%

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

Wednesday, March 30, 2016

Al June 15th, 2016  

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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.



More on this topic

Costa Rica: Passive Base Rate Drops to 5.45%

April 2016

The main reference rate for banks fell by 0.25%, going from 5.70% to 5.45%, where it will remain at least until Wednesday April 13.

After two consecutive increases, the base rate has resumed the downward trend seen in the previous weeks and has now settled at 5.45%, where it will remain from Thursday April 7 until at least April 13.

Costa Rica: Passive Base Rate Rises to 6.5%

October 2015

Following the erratic behavior seen a few weeks ago, the index rose from 6.45% to 6.5%, a level where it will remain until at least 14 October.

One week up, another week down. That has been the behavior of the main reference rate for loans and investments in colones in the country in recent weeks. Now the passive base rate will be located on 6.5%, after having stayed at 6.45% last week.

Costa Rica: Base Rate Rises to 6.55%

September 2015

The reference rate for loans and investments rose from 6.5% to 6.55% and will remain at that level at least until Wednesday 30 September.

The Central Bank of Costa Rica announced that the passive base rate will be located at 6.55% until at least September 30.

The indicator is an average of the rates given for deposits by financial and banking institutions for terms of between 150 to 210 days.

Costa Rica: Base Rate Drops to 6.5%

September 2015

The main benchmark for loans and investments decreased from 6.55% to 6.50% and will remain at that level until at least September 23rd.

The passive base rate has resumed the downward trend seen over the last four weeks, reversing the upward adjustment recorded last week.

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