After last week in Costa Rica the rate rose to 6.65%, a level that had not been recorded since August 2015, on July 10 abruptly decreased to 6%.
Data published by the Central Bank of Costa Rica on Wednesday afternoon, July 10, show that the Basic Passive Rate (PBS) decreased by 0.65%, and will remain at 6% until next July 17.
The basic passive rate is an average of the collection rates in colones of financial institutions with terms of 150 to 210 days.
Because savers in Costa Rica have moved their resources to longer terms, to avoid an increase in income tax, the Basic Passive Rate rose to 6.65%, a level not recorded since August 2015.
According to data published by the Central Bank of Costa Rica on Wednesday afternoon, July 3, the Basic Passive Rate (BPR) reports levels not reached since August 26, 2015, and will remain at 6.65% until next July 10.
In Costa Rica, the Basic Passive Rate increased to 6.55%, a level that had not been recorded for four years, while the Effective Rate in Dollars also increased, in this case to 3.14%.
According to data published by the Central Bank of Costa Rica on Wednesday afternoon, June 26, the Basic Passive Rate reports levels that did not reach since last September 30, 2015 and will remain at 6.55% until next July 3.
In Costa Rica, the Basic Passive Rate keeps on rising and this week increased from 6.30% to 6.35%, while the Effective Rate in Dollars decreased from 2.99% to 2.92%.
The Central Bank of Costa Rica published on Wednesday afternoon June 12 that after remaining unchanged the previous week, the Basic Passive Rate increased by 0.05%, and will remain at 6.35% until next June 19.
The Effective Rate in Dollars increased from 2.88% to 2.99%, while the Basic Passive Rate did not report changes, in this case it will remain at 6.30%.
The Central Bank of Costa Rica published on Wednesday afternoon June 5 that after the increase of two weeks ago, the Basic Passive Rate did not change and will remain at 6.30% until next June 12. [GRAFICA caption="Click to interact with graph"]
The Basic Deposit Rate increased from 6.20% to 6.30%, while the Effective Rate in Dollars increased from 2.81% to 2.88%.
The Central Bank of Costa Rica published on Wednesday afternoon May 29 that after remaining unchanged the previous week, the Basic Passive Rate increased by 0.10%, and will remain at 6.30% until next June 5.
The basic passive rate is an average of the collection rates in colones of financial institutions in terms of 150 to 210 days.
The Effective Rate in Dollars increased from 2.84% to 2.86%, while the Basic Passive Rate decreased, in this case from 6.25% to 6.15%.
The Central Bank of Costa Rica published on Wednesday afternoon May 8 that after a week of rising, the Basic Passive Rate registered a negative variation and will remain at 6.15% until next May 15. [GRAFICA caption="Click to interact with graphic"]
The Basic Passive Rate increased from 6.05% to 6.15%, while the Effective Rate in Dollars also rose from 2.69% to 2.73%.
The Central Bank of Costa Rica published the afternoon of Wednesday April 24 that after registering a decrease the previous week, the Basic Passive Rate increased by 0.10%, and will remain at 6.15% until next Wednesday, May 1. [GRAFICA caption="Click to interact with graph"]
The Basic Passive Rate decreased from 6.20% to 6.05%, while the Effective Rate in Dollars also decreased, from 2.88% to 2.69%.
The Central Bank of Costa Rica published on Wednesday afternoon April 17 that after recording an increase the previous week, the Basic Passive Rate fell by 0.15%, and will remain at 6.05% until next Wednesday April 24.
The basic passive rate is an average of the collection rates in colones of financial institutions in terms of 150 to 210 days.
The Effective Rate in Dollars increased from 2.63% to 2.88%, while the Basic Passive Rate also increased, in this case from 6.10% to 6.20%.
The Central Bank of Costa Rica published on Wednesday afternoon April 10 that after a week of decline, the Basic Passive Rate registered a positive variation and will remain at 6.20% until next April 17. [GRAFICA caption="Click to interact with graphic"]
The Effective Rate in Dollars decreased from 2.71% to 2.63%, while the Basic Passive Rate decreased from 6.20% to 6.10%.
The Central Bank of Costa Rica published on Wednesday afternoon April 3 that after the 0.05% rise a week ago, the Basic Passive Rate registered a drop of 0.10% and will remain at 6.10% until next April 10. [GRAFICA caption="Click to interact with the graphic"]
The Effective Rate in Dollars increased from 2.72% to 2.77%, while the Basic Passive Rate decreased from 6.20% to 6.15%.
The Central Bank of Costa Rica published the afternoon of Wednesday March 20 that after a week of rising, the Basic Passive Rate registered a negative variation and will remain at 6.15% until next March 27. [GRAFICA caption="Click to interact with graphic"]
In Costa Rica, the government's strong need for financing and the Central Bank's exchange rate interventions have been putting pressure on the local financial market, pushing up passive rates in Colones.
The decrease in liquidity in Colones generated by the pressure exerted by the government and the Central Bank in the local market is the main reason behind the upward trend in passive rates in local currency.
The Basic Passive Rate increased from 6.10% to 6.25%, while the Effective Rate in Dollars slightly increased, from 2.80% to 2.81%.
The Central Bank of Costa Rica published on Wednesday afternoon February 27 that after registering a 0.10% decrease the previous week, the Basic Passive Rate increased by 0.15%, and will remain at 6.25% until next March 6.