Costa Rica: Passive Base Rate Stays at 6.55%

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

Thursday, February 6, 2014

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."

"Since January 2014, the rate has fluctuated between 6.50% and 6.55%."



More on this topic

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."

Costa Rica: Passive Base Rate Drops to 6.55%

November 2013

From November 28 until December 4 the base rate will go from 6.60% to 6.55%.

Elfinancierocr.com reported that "it was on 25 July when the rate reached its present level (6.55%) for the first time so far this year. Since then, the rate has remained fluctuating between 6.60% and 6.50%. "

Costa Rica: TBP Drops to 6.65%

May 2013

The Central Bank of Costa Rica has reported that as of May 30, the base rate will drop 0.5% after remaining for three consecutive weeks at 6.70%.

This is the lowest percentage achieved in the last four and a half years, in which the lowest rate was 6.75%.

"The reduction was due in part to a decrease in average deposit rates at public commercial banks, which went from 6.11% to 6.08% and these entities have the most weight in this calculation", reported Elfinancierocr.com.

Costa Rica: Base Rate Remains at 6.95%

April 2013

From the 4th and at until April 10th, the passive base rate will remain at 6.95%, after more than three months of continuous decline.

"... The trend has been downward since October, when it began to decline after reaching the highest point in the last three years of 11%," reported Elfinancierocr.com.

 close (x)

Receive more news about Central Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jun 4)
Brent Crude Oil
39.29
Coffee "C"
100.10
Gold
1,702
Silver
17.93