Costa Rica: Passive Base Rate rises to 6.55%  

The Central Bank of Costa Rica reported that the main benchmark for loans will remain at that level until at least January 15.

Thursday, January 9, 2014

Elfinancierocr.com reports: "The information represents an increase of 0.05 percentage points from its last recorded level, because the indicator started the year at a rate of 6.50%."

"According to the calculation of the Central bank, the rate increased is due to increases in deposit rates (savings) of public banks and mutual savings and loan companies."



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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."

Passive Base Rate Falls to 6.50% in Costa Rica

December 2013

The main indicator for loans in the country will remain at that level until at least December 19, 2013.

The Central Bank of Costa Rica reported that as of December 12 it will lower the PBR by 0.05% compared with the last recorded level which was 6.55%.

Elfinancierocr.com reports that "this percentage is the lowest recorded by the indicator so far in 2013 and it first reached this level 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: Passive Base Rate Drops to 6.55%

November 2013

The Central Bank reports that, as of this November 14 and at least until 20 the TBP will drop from 6.60% to 6.55%.  

Elfinancierocr.com reports: "The rate has been fluctuating between this percentage (6.60%) and the one reached on Wednesday (6.55%), since 12 October this year."

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