Interest Rates Go Up

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%.

Wednesday, December 18, 2019

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.

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

The Central Bank also informed that after the 0.16% drop in the Effective Rate in Dollars (TED), registered last week, it has increased and will be at 2.47% during the next 7 days.

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More on this topic

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.

Interest Rates Start to Fall in 2020

January 2020

In Costa Rica, the Basic Passive Rate dropped from 5.75% to 5.70%, while the Effective Rate in Dollars also dropped, from 2.47% to 2.30%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, January 8 that after registering no changes the previous week, the Basic Liable Rate reported a drop of 0.05% and will remain at 5.70% until January 15.

Basic Passive Rate Goes Down to 5.7%

September 2019

In Costa Rica, the Basic Passive Rate declined again, this time from 5.85% to 5.7%, while the Effective Rate in Dollars also fell, in this case from 2.56% to 2.47%.

The Central Bank of Costa Rica published on Wednesday afternoon September 4 that after the rise reported last week, the Basic Passive Rate registered a new negative variation and will remain at 5.70% until next September 11.

Costa Rica: Rise in Rates in Dollars

March 2018

The Effective Rate in Dollars has risen from 2.29% to 2.33%, while the Passive Base Rate fell from 6.1 to 5.95%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 7 news that after a rise in the last few weeks, the Passive Base Rate registered a reduction of 0.15%, and will remain at 5.95% until Wednesday, March 14th.[GRAFICA caption = "Click to interact with graph"]

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