Costa Rica: Interest Rates at Historic Lows

The Passive Base Rate has fallen to 4.35%, while the effective tax rate in Dollars dropped from 2.08% to 1.96%.

Wednesday, December 7, 2016

Interest rates Costa Rica Al March 27th, 2019  

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The Central Bank of Costa Rica (BCCR) released on Wednesday afternoon on December 7, news that the passive base rate reached a record low of 4.35%, very close to 4.25%, the lowest level reached by the base rate since records began in 2008.
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The passive base rate is an average of the deposit rates given by financial institutions for maturities of 150-210 days.

The Central Bank also reported that the Effective Rate in Dollars (TED by its initials in Spanish) fell to 1.96%, a level that it will remain at over the next 7 days. (see chart).

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More on this topic

Costa Rica: Effective Dollar Rate Goes Up

May 2017

Following an increase recorded last week, the Effective Rate in Dollars dropped to 2.13%, while the Passive Base Rate remains at 4.60%.

After an increase last week, the Central Bank of Costa Rica published on the afternoon of Wednesday May 3, news that the Passive Base Rate will remain unchanged, and the level at which it will remain until next Wednesday May 10 is 4.60%. [GRAFICA caption = "Click to interact with graphics"]

Costa Rica: Lower interest rates in Colones and Dollars

January 2017

The passive base rate dropped from 4.45% to 4.35%, while the effective rate in dollars dropped from 2.01% to 1.92%.

The Central Bank of Costa Rica issued on Wednesday afternoon, January 4 news that the passive base rate has returned to the record low of 4.35% where it will remain until Wednesday, January 11.

Costa Rica: Interest Rates up to December 14

December 2016

The passive base rate rose from 4.35% to 4.45%, while the effective rate in dollars rose from 1.96% to 2%.

The Central Bank of Costa Rica issued on Wednesday afternoon, December 14, news that the passive base rate rose by 0.10% and will remain at 4.45% until Wednesday 21 December. 

Costa Rica: Interest Rates up to October 12

October 2016

The passive base rate in colones has gone down again, reaching the record low value of 4.60%, meanwhile the effective tax rate in dollars dropped from 2.05% to 1.94%.

The Central Bank of Costa Rica (BCCR) released on Wednesday afternoon on October 12 news that passive base rate will stand at 4.60% until Wednesday October 19, a new low not seen since 2008.

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