The Central Bank of Costa Rica published on Wednesday afternoon, March 11, that after registering a decrease the previous week, the Basic Liable Rate reported no variations for the next few days and will remain at 4.5% until March 18.

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 reported that after falling last week, the Effective Rate in Dollars (TED) registered a drop of 0.03% and will be at 2.35% 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.

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More on this topic

Effective Rate in Dollars Goes Down to 2.27%

December 2019

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

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.

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.

Interest Rates Go Down

April 2019

The Basic Passive Rate decreased from 6.20% to 6.05%, while the Effective Rate in Dollars also decreased, from 2.88% to 2.69%.

The Central Bank of Costa Rica published on Wednesday afternoon April 17 that after recording an increase the previous week, the Basic Passive Rate fell by 0.15%, and will remain at 6.05% until next Wednesday April 24.

Costa Rica: Passive Base Rate Rises to 5.90%

August 2017

The Basic Passive Rate rose from 5.85% to 5.90%, while the Effective Rate in dollars decreased from 2.14% to 2.13%.

The Central Bank of Costa Rica published on the afternoon of Wednesday August 23 news that the Basic Passive Rate rose by 0.05%, and the level at which it will remain until next Wednesday August 30 is 5.90%. [GRAFICA caption = "Click to interact with graphics"]