The Central Bank of Costa Rica reported that the main benchmark for loans will remain at that level until at least January 15.
Elfinancierocr.com reports: "The information represents an increase of 0.05 percentage points from its last recorded level, because the indicator started the year at a rate of 6.50%."
"According to the calculation of the Central bank, the rate increased is due to increases in deposit rates (savings) of public banks and mutual savings and loan companies."
The Central Bank reports that, as of this November 14 and at least until 20 the TBP will drop from 6.60% to 6.55%.
Elfinancierocr.com reports: "The rate has been fluctuating between this percentage (6.60%) and the one reached on Wednesday (6.55%), since 12 October this year."
"The Base Rate is used as a guide for most loans in colones granted by financial institutions and is calculated based on the weighted performance of the rates of private and public banks and other financial intermediaries."
The Central Bank has reported that, as of this November 7th and at least until the 13th the PBR will rise from 6.55% to 6.60%.
Elfinancierocr.com reports: "According to the Central Bank's calculation, the rate increase is due to increases in deposit rates (savings) made by private banks and mutual savings and loan companies. Only credit unions decreased their yields, slightly, in the week the calculation was made. "
From the 24th until at least 30th of October the PBR will be lowered from 6.60% to 6.55%, said the country's central bank.
Nacion.com reports: "With this move, the rate once again reaches the percentage at which it has been constant since 12 September this year."
"For five consecutive weeks the rate remained at the same level of 6.55%, and was only interrupted last week when it recorded a rise and stood at 6.60% for a week".
The Central Bank of Costa Rica has reported that as of October 17th and until the 22nd the base rate will increase from 6.55% to 6.60%.
The PBR went up 0.50% after remaining for a month at 6.55%. In the same period of 2012, the rate stood at 10.75%.
Nacion.com reports: "The PBR is used as a guide for most loans in colones granted by financial institutions and is calculated using the weighted behavior rates of private and public banks and other financial intermediaries."
During the last twelve months the returns given by state banks to their clients for savings in colones rather than dollars decreased by 2.6 % .
A financial report by the Central Bank of Costa Rica (BCCR) explains that "the data shows that the average differential in savings with a term of six months, closed at 1.46 points in September. But that margin was four points in the same period of 2012 ... ", reported Nacion.com.
The Central Bank reported that as of the 12th and until at least the 18th of September the PBR will rise 0.05% going from 6.50% to 6.55%.
Elfinancierocr.com publica: “Según el cálculo del Banco Central de Costa Rica (BCCR), el indicador se incrementó por aumentos en las tasas de captación (ahorros) de los bancos públicos, cooperativas de ahorro y crédito y las mutuales.
The Central Bank of Costa Rica has reported that from August 15 this base rate will remain at 6.55%.
Elfinancierocr.com reports: "In mid-August 2012 the PBR was 10.5%, it then climbed up to 11% in October and since then has been declining, after a change in the method of calculation applied at the end of last December. "
"The net rates (those that investors ultimately receive) in various banks for a period of 180 days are between 5.25% and 8.5%. Within that range, only credit unions are offering yields above the PBR ".
The Central Bank of Costa Rica has announced that from August 8th the PBR will drop by 0.05%, going from 6.60% to 6.55%.
Elfinancierocr.com reports: "With this move, the PBR maintains its stable trend which it has displayed for just over two months, as since the 30th of May, the indicator has been between 6.65% and 6.55% following a downward trend which began in late 2012. "
The Central Bank of Costa Rica has announced that from 1 August the PBR will rise by 0.05% going from 6.55% to 6.60%.
Elfinancierocr.com reports: "The PBR is used as a guide for most loans in colones granted by financial institutions and is calculated based on the weighted performance of rates in private and public banks and other financial intermediaries."
The Central Bank of Costa Rica reported that as of July 25th, the PBR has dropped from 6.65% to 6.55%, the lowest in five years.
From the Blog Pulso Bursátil by Aldesa:
The passive base rate fell to 6.55% from 6.65%. The decline in the weekly calculation is explained by low rates in public banks paid on resources invested for time periods of between 150 and 210 days.
The Central Bank of Costa Rica has announced that starting from July 18th the base rate will increase from 6.60% to 6.65%.
Crhoy reports: "The PBR will rise after remaining for four consecutive weeks at 6.60%, the lowest level since the application of the new calculation method, adopted in December 2012, and one of the lowest in the last four years ".
The Central Bank of Costa Rica reported that from the 11th and until at least the 18th of July, the base rate will remain at 6.60%.
José Luis Arce, an economist at Consejeros Económicos y Financieros (CEFSA), stated that the base rate is close to reaching its lowest level and therefore he does not foresee any significant drops from now on.
"There is a small margin with respect to the current real interest rate and in addition investor appetite for dollar-denominated instruments has increased, precisely because of a rebound in returns from the currency," he added.
The Central Bank has reported that for the third consecutive week the base rate will remain at 6.60%.
"Recently the PBR has had periods of stability of three consecutive weeks, after which there has been a downward shift. This has been happening since May 9, when it changed to 6.70%, three weeks later it dropped to 6.65% and then to 6.60%," noted an article in Elfinancierocr.com.