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.
The benchmark interest rate for loans and investments in the country has moved up to 6.5% and will stay at that level until at least the 19th of March.
The Central Bank of Costa Rica announced that as of Thursday, March 13th and until at least the 19th of the month, the passive base rate will be located at 6.50%.
The reference rate for loans and investments will be located at 6.45% until at least Thursday 13 March.
The Central Bank of Costa Rica has announced that starting this June and at least until 13 March, the passive base rate will stand at 6.45%, the lowest level since July 2008.
The main benchmark for loans will be located at 6.50% at least until March 5.
The Central Bank of Costa Rica announced that for the third consecutive week and at least until March 5th, the Passive Base Rate (TBP by its initials in Spanish) will stand at 6.50%.
The main reference for interest rates on loans in Costa Rica will be set at 6.50% until at least 19 February.
The Central Bank of Costa Rica announced that at least until February 19 the passive base rate will be 6.50%, 0.05% less than the previous week when it stood at 6.55%.
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 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.
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