The Basic Deposit Rate increased from 5.7% to 5.75%, while the Effective Rate in Dollars reported a new decrease, in this case from 2.47% to 2.39%.
The Central Bank of Costa Rica published on Wednesday afternoon September 11 that after registering a decrease the previous week, the Basic Passive Rate rose by 0.05%, and will remain at 5.75% until next September 18.
In Costa Rica, the Basic Passive Rate declined again, this time from 5.85% to 5.7%, while the Effective Rate in Dollars also fell, in this case from 2.56% to 2.47%.
The Central Bank of Costa Rica published on Wednesday afternoon September 4 that after the rise reported last week, the Basic Passive Rate registered a new negative variation and will remain at 5.70% until next September 11.
The Cortizo administration approved a proposal that establishes that the government will assume 2% of the bank interest for the purchase of homes valued between $120,000 and $150,000, and in the case of real estate between $150,000 and $180,000, the exoneration will be 1.5%.
The Cabinet Council approved on September 3 the bill No. 044-19, which still has to be endorsed by the Assembly and seeks to increase coverage for the purchase of homes worth $180,000, informed the presidency of Panama.
After the Central Bank of the Dominican Republic decided at the end of July to lower the monetary policy rate to 4.75%, on August 30 it decided to reduce it again, in this case to 4.5%.
The decision on the reference rate is based on market expectations and medium-term projections. Monthly inflation in July was 0.47%, while cumulative inflation in the first seven months of the year stood at 1.64%, according to the monetary authority.
The Central Bank informed that from September 2, the interest rate for one-day loans will be reduced from 6% to 5.5%.
On August 30 the monetary authority of the country informed that "... will induce an additional decrease of the interest rate of the monetary repurchase agreements operations, locating the rate for 1 day repurchase agreements, from 6.0% to 5.5%."
The Basic Passive Rate increased from 5.7% to 5.85%, while the Effective Rate in Dollars also rose from 2.38% to 2.56%.
The Central Bank of Costa Rica published the afternoon of Wednesday July 24 that after registering a decrease the previous week, the Basic Passive Rate rose by 0.15%, and will remain at 5.85% until next Wednesday, September 4.
The basic passive rate is an average of the collection rates in colones of financial institutions with terms of 150 to 210 days.
In El Salvador, it was announced that as of September 2, the interest rate for the purchase of recovered homes will be reduced from 6% to 3%, while for homes of up to $25,000 the rate will be 4% for loans granted by the Social Fund for Housing.
The new conditions will apply to the formal sector, for new housing with a price of up to $25,000 dollars, which will offer an interest rate of 4% and zero premium, informed the Salvadoran government.
Between January and July of this year in Costa Rica the Central Bank lowered the Monetary Policy Rate four times in a row, but its last decision was to maintain it at 4%.
Among the arguments of the monetary authority it is worth highlighting that the international interest rates are adjusted downward. In particular, the US Federal Reserve System reduced the reference interest rate range by 25 base points.
In Costa Rica, the Basic Passive Rate fell again, this time from 5.8% to 5.7%, while the Effective Rate in Dollars also fell, in this case from 2.54% to 2.38%.
The Central Bank of Costa Rica published on Wednesday afternoon August 21 that after it remained unchanged the previous week, the Basic Passive Rate registered a negative variation and will remain at 5.70% until next August 28.
Implementing a mixed system of interest rates composed of a fixed one with a contract for a determined time and another variable agreed between the account holder and the issuer, is one of the proposals that are discussed in the Congress of Guatemala.
The proposal for two interest rates was presented by the Instituto de Investigación y Proyección sobre Economía y Sociedad Plural (Idies), before the Congressional Economic Commission, in charge of discussing the proposals for changes to Credit Card Law 5544.
In Costa Rica, the Effective Rate in Dollars increased from 2.43% to 2.54%, while the Basic Passive Rate remained unchanged.
The Central Bank of Costa Rica published on Wednesday afternoon August 14 that after the decrease of two weeks ago, the Basic Passive Rate did not change and will remain at 5.80% until next August 21.
The basic passive rate is an average of the collection rates in colones of financial institutions with terms of 150 to 210 days.
In Costa Rica, the Effective Rate in Dollars fell again, this time from 2.51% to 2.43%, while the Basic Passive Rate also fell, in this case from 5.90% to 5.80%.
The Central Bank of Costa Rica published on Wednesday afternoon, August 7, that after having registered increases in previous weeks, the Basic Passive Rate registered a negative variation and will remain at 5.80% until next August 14. [GRAFICA caption="Click to interact with graphic"]
After the Central Bank of the Dominican Republic decided at the end of June to lower the monetary policy rate to 5%, on July 30 it announced another reductin, in this case to 4.75%.
The decision on the reference rate is based on the detailed analysis of the risk balance regarding the inflation forecasts, including international and domestic macroeconomic indicators, market expectations and medium term projections, informed the Central Bank.
In Costa Rica, the Effective Rate in Dollars fell from 2.70% to 2.51%, while the Basic Passive Rate also fell, in this case from 6.10% to 5.90%.
The Central Bank of Costa Rica published on Wednesday afternoon August 31 that after a week of rising, the Basic Passive Rate registered a negative variation and will remain at 5.90% until next August 7.
The basic passive rate is an average of the collection rates in colones of financial institutions with a 150 to 210-day term.
The Basic Passive Rate rose from 6% to 6.10%, while the Effective Rate in Dollars also increased from 2.64% to 2.70%.
The Central Bank of Costa Rica published on Wednesday afternoon July 24 that after registering a decrease the previous week, the Basic Passive Rate increased by 0.20%, and will remain at 6.10% until next Wednesday July 31. [GRAFICA caption="Click to interact with graphic”]