Effective Rate in Dollars Still Rising

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

Wednesday, January 22, 2020

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.

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

The Central Bank also informed that after the rise reported last week, the Effective Rate in Dollars (TED) registered another increase and will be at 2.54% 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

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.

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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