For the second consecutive week the benchmark interest rate for loans and investments in the country will remain at 7.15% until at least Wednesday 17 September.
The base interest rate indicator calculated by the Central Bank which reflects the average rates given by financial institutions for deposits for periods of 150-210 days will stay at the level of 7.15% for one more week.
The main reference rate for loans and investments has risen from 7.10% to 7.15% and will remain at that level until at least September 10th.
Following the upward trend of recent months and reflecting the shortage of liquidity in colones in the local financial system, the base borrowing rate rose to 7.15% this week, according to the Central Bank of Costa Rica, which calculates the indicator.
For the first time in a year and five months, the benchmark rate for loans and investments in the country has dipped to less than 7%.
The Central Bank of Costa Rica reported that the passive base rate, an indicator of the average uptake rates given by financial institutions on periods of between 150 and 210 days will be located at 7.05% at least until Wednesday 27 August.
For the second consecutive week the benchmark rate for loans and investments will be located at 7% and will remain at that level at least until August 6.
The new Central Bank methodology which establishes preferential rates for large public sector deposits could influence other rates in the financial system.
The new methodology implemented by the Central Bank of Costa Rica aims to set benchmarks for public banks to provide preferential rates to state entities, but which "... at the same time, do not have excessive returns so that the market does not feel pressure to up rates. "
The reference rate for investments and loans in the country dropped from 7% to 6.95% and will be located at that level until at least July 23.
The basic interest rate has gone down again to 6.95%, a level at which it stood for four consecutive weeks before rising to 7% last week.
The rate is calculated by the Central Bank of Costa Rica and is an average of the deposit rates given by financial institutions for savings with maturities of between 150 to 210 days.
After four weeks at 6.95%, the rate used as a reference for investments and loans will stand at least 7% until July 16th.
The Central Bank of Costa Rica reported that the passive base rate, an indicator of the average rates given by financial institutions for savings on periods of 150 to 210 days will stand at 7%, at least until July 16, 2014.
The primary reference rates for loans and investments in the country now stands at 6.75% at least until May 21.
The Central Bank of Costa Rica reported that the passive base rate, an indicator of the average uptake rates at financial institutions on periods from 150 to 210 days will be located at least 6.75% until 21 May.
The main reference for loans and investments in the country rose by 0.10%, after staying at 6.70% for four consecutive weeks.
The Central Bank of Costa Rica reported that the passive base rate, an indicator of the average uptake rates given by financial institutions on savings with maturities of 150 to 210 days, will stand at 6.80% at least until 14 May.
The Central Bank of Costa Rica has suggested creating a benchmark rate for dollars, similar to passive base rate applied to the local currency, the Colón.
With the proposal, the Central Bank aims to "reflect the cost faced by financial intermediaries in the country of having funds in dollars," taking into account references for interest rates where entities are funded abroad and other external factors.
For the fourth consecutive week the benchmark for interest rates on investments and loans remains unchanged until May 7.
The Central Bank of Costa Rica reported that the passive base rate, an indicator of the average savings rates given by financial institutions on terms of 150 to 210 days will remain at 6.70% at least until May 7.
For the third consecutive week the benchmark used for interest rate on loans and investments stands at 6.70%.
The Central Bank of Costa Rica reported that the rate, which is calculated as an average given on deposits at financial institutions for maturities of 150 to 210 days will remain at 6.70%, at least until Wednesday 30 April.
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