Effective Rate in Dollars Goes Up to 2.49%

In Costa Rica, the Effective Rate in Dollars registered an increase from 2.47% to 2.49%, and the Basic Passive Rate remained at 5.75%.

Wednesday, February 5, 2020

The Central Bank of Costa Rica published on Wednesday afternoon, February 5th, that for this week the Basic Passive Rate will remain unchanged for the fourth consecutive week, and will be at 5.75% until next Wednesday, February 12th.

The Basic Passive Rate is an average of the collection rates in colons of the financial institutions at terms of 150 to 210 days.

The Central Bank also informed that after the fall reported last week, the Effective Rate in Dollars (TED) registered an increase and will be at 2.49% during the next 7 days.

The TED is a gross weighted average of the interest rates of term deposits in dollars, of the different groups of intermediary financial entities.



More on this topic

Effective Rate in Dollars Still Rising

January 2020

In Costa Rica, the Effective Dollar Rate registered an increase for the second consecutive week, in this case from 2.49% to 2.54%.

The Central Bank of Costa Rica published on Wednesday afternoon, January 22 that for the current week the Basic Passive Rate will remain unchanged, and will be at 5.75% until next Wednesday, January 29.

Effective Dollar Rate Rises to 2.49%

January 2020

The Basic Passive Rate rose from 5.70% to 5.75%, while the Effective Dollar Rate also rose, in this case from 2.30% to 2.49%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, January 15 that after the drop registered the previous week, the Basic Passive Rate rose by 0.05%, and will remain at 5.75% until next Wednesday, January 22.

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.

Interest Rates Drop in Costa Rica

September 2017

The Passive Base Rate fell from 5.95% to 5.75%, while the Effective Rate in Dollars also decreased, going from 2.21% to 2.07%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, September 6, news that after a rise last week, the Passive Base Rate registered a reduction, and will remain at 5.75% until next Wednesday, September 13. [GRAPHIC caption = "Click to interact with the graph"]

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