Interest Rates Start to Fall in 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%.

Wednesday, January 8, 2020

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.

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

The Central also informed that after falling last week, the Effective Rate in Dollars (TED) registered a 0.17% fall and will be at 2.30% during the next 7 days.

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More on this topic

Effective Rate in Dollars Goes down to 2.35%

March 2020

The Basic Passive Rate remained at 4.5%, while the Effective Dollar Rate reported a decrease, in this case from 2.38% to 2.35%.

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.

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 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.

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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