Costa Rica: Passive Base Rate Remains at 6.55%

The main benchmark for loans remains unchanged at least until February 5.

Thursday, January 30, 2014

The Central Bank of Costa Rica (BCCR) reported that for another week the Passive Base Rate (TBP by its initials in Spanish) will stay at 6.55%.

"Since July last year, the rate has fluctuated between that percentage (6.55%) and 6.60%".



More on this topic

Costa Rica: Passive Basic Rate Stays at 6.50%

February 2014

The main benchmark for loans will be located at 6.50% at least until March 5.

The Central Bank of Costa Rica announced that for the third consecutive week and at least until March 5th, the Passive Base Rate (TBP by its initials in Spanish) will stand at 6.50%.

"Since 13 February the TBP started at 6.50% and has remained unchanged since then."

Costa Rica: Passive Base Rate Stays at 6.55%

February 2014

The rate at which most private sector loans is linked to will remain at the current level until at least February 12.

The rate is a weighted average of interest rates for savings in colones with terms ranging between 150 and 210 days.

"This is the third straight week that the indicator has remained at the same level."

Costa Rica: Passive Base Rate rises to 6.55%

January 2014

The main benchmark rate for loans will remain at that level until at least January 29.

Last week the passive base rate stood at 6.50%, this week it has increased by 0.05%.

"This level of 6.55% was first reported in July 2013. Since then, the rate has continued to fluctuate between that percentage (6.55%) and 6.60% ".

Costa Rica: Passive Base Rate down to 6.50%

January 2014

The benchmark interest rate for loans and investments will remain at 6.50% until at least January 22nd.

Last week the Passive Base Rate(TBP by its initials in Spanish) was at 6.55% this week and had a 0.05% decrease.

According to the Central Bank of Costa Rica this is "... the lowest level for the rate during 2013 and one reached for the first time on September 5."

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