Effective Rate in Dollars Goes Down to 2.27%

The Basic Passive Rate remained at 5.55%, while the Effective Rate in Dollars reported a decrease, from 2.43% to 2.27%.

Wednesday, December 11, 2019

The Central Bank of Costa Rica published on Wednesday afternoon December 11 that after recording an increase the previous week, the Basic Passive Rate did not change for the next few days and will remain at 5.55% until next December 18.

The basic passive rate is an average of the collection rates in colones of financial institutions with a 150 to 210-day term.

The Central Bank also reported that after rising last week, the Effective Rate in Dollars (TED) recorded a fall of 0.16% and will stand at 2.27% over the next 7 days.

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More on this topic

Interest Rates Go Up

December 2019

The Basic Passive Rate rose from 5.55% to 5.70%, while the Effective Rate in Dollars also rose, in this case from 2.27% to 2.47%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, December 18 that after registering no changes the previous week, the Basic Passive Rate rose by 0.15%, and will remain at 5.70% until next Wednesday, December 25.

Effective Rate in Dollars Keeps Rising

October 2019

While the Basic Passive Rate remained at 5.65% for the second week, the Effective Rate in Dollars reported a new increase, in this case from 2.49% to 2.52%.

The Central Bank of Costa Rica published on Wednesday afternoon October 30 that after recording an increase the previous week, the Basic Passive Rate will remain unchanged at 5.65% until next November 6.

Effective Rate in Dollars Increases to 2.54%

August 2019

In Costa Rica, the Effective Rate in Dollars increased from 2.43% to 2.54%, while the Basic Passive Rate remained unchanged.

The Central Bank of Costa Rica published on Wednesday afternoon August 14 that after the decrease of two weeks ago, the Basic Passive Rate did not change and will remain at 5.80% until next August 21.

Lower Interest Rates in Costa Rica

March 2017

After two weeks without recording any changes, the passive base rate dropped from 4.60% to 4.55% and the effective rate in Dollars went from 2.28% to 2.19%.

The Central Bank of Costa Rica issued on Wednesday afternoon, March 8, news that after two weeks of remaining at 4.60%, the Passive Base Rate has fallen and will remain at 4.55% until Wednesday March 15. [GRAFICA caption = "Click to interact with graphics"]

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