The Board of the Central Bank says that any attempts to control prices and restrict competition will drive the informal economy.
Nacion.com reports that "The Government submitted, in late August, to the Legislative Assembly a Bill on Consumer Rights in relation to Usury in Credit Cards."
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. Solamente los bancos privados disminuyeron los rendimientos en la semana de cálculo”.
The Central Bank has reported that starting from September 5 the PBR will be lowered by 0.05% going from 6.55% to 6.50%.
The passive base rate (PBR) has remained at 6.55% for four consecutive weeks. After this update made by state entity the PBR will remain at 6.50% until September 11th.
The Central Bank of Costa Rica has reported that for the third consecutive week and at least until August 28 the passive base rate will remain at 6.55%.
Nacion.com reports: "This is the lowest level reached by the indicator in the last five years (2008) and it reached this level for the first time this year on 25 July."
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 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 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.
Keeping a level close to the lowest in the last four years, for the second consecutive week the central bank calculated the base lending rate at 6.60%.
Crhoy.com reports that "with this percentage the rate has reached its lowest level since the implementation of the new calculation methodology adopted in December 2012, and one of the lowest in the last four years."
The central bank has lowered its policy rate from 5% to 4%, while the passive base rate has dropped from 6.65% to 6.60%.
"The board of directors has observed a trend that reflects the absence of demand pressures, as evidenced by the decline in the pace of economic growth, according to a recent evolution of the Monthly Index of Economic Activity (MIEA). Estimates indicate that this situation will continue in the coming quarters, which justifies a reduction in the policy rate, without compromising achievement of the inflation target, ", published the Central Bank of Costa Rica (BCCR).
The Central Bank of Costa Rica reported that from June 13 for the third consecutive week the PBR will remain at 6.65%.
Crhoy.com reports that "with this percentage the rate has reached its lowest level since the implementation of the new calculation methodology adopted in December 2012, and one of the lowest in the last four years."
"The PBR is calculated with information from the gross interest rates negotiated for each of the business acquisitions, for periods of 150 and 210 days during the week preceding the calculation (Wednesday to Tuesday), by financial intermediaries, Excluding only the Ministry of Finance and the Central Bank of Costa Rica (BCCR ").
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