Effective Rate in Dollars Keeps Rising

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%.

Wednesday, October 30, 2019

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.

The basic passive rate is an average of the collection rates in colones of financial institutions with terms of 150 to 210 days.

The Central Bank also reported that after the 0.11% rise in the Effective Rate in Dollars (TED), recorded last week, the present rate rose again and will stand at 2.52% for the next 7 days.

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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.

Costa Rica: Low Interest Rates

November 2019

The Basic Passive Rate decreased from 5.65% to 5.50%, while the Effective Rate in Dollars also decreased, from 2.52% to 2.33%.

The Central Bank of Costa Rica published the afternoon of Wednesday November 6 that after not registering variations the previous week, the Basic Passive Rate fell by 0.15%, and will remain at 5.50% until next Wednesday November 13.

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 Increase in Costa Rica

January 2019

The Basic Passive Rate increased from 6% to 6.05%, while the Effective Rate in Dollars went up from 2.52% to 2.57%.

The Central Bank of Costa Rica published on January 9 that after not registering variations last week, the Basic Passive Rate increased 0.05%, and the level at which it will remain until next Wednesday, January 16 is 6.05%.

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