After four weeks on the rise, the Effective Rate in Dollars fell from 2.50% to 2.46%, while the Basic Passive Rate also fell, from 6.1% to 6%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, May 9, news that for a second consecutive week, the Passive Base Rate has returned to the level reported four weeks ago, and will remain at 6% until next Wednesday, May 16. [GRAFICA caption = "Click to interact with graphs"]
The Passive Base Rate fell from 6% to 5.9%, while the Effective Rate in Dollars also fell, from 2.29% to 2.11%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, April 4, after not having registered any movement the previous week, news that the Passive Base Rate fell by 0.10%, and will remain at 5.90% until next Wednesday, April 11.[GRAFICA caption = "Click to interact with graph"]
The Effective Rate in Dollars has risen from 2.29% to 2.33%, while the Passive Base Rate fell from 6.1 to 5.95%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, March 7 news that after a rise in the last few weeks, the Passive Base Rate registered a reduction of 0.15%, and will remain at 5.95% until Wednesday, March 14th.[GRAFICA caption = "Click to interact with graph"]
For six-month term savings in colones, the Central Bank in Costa Rica is offering a return of 8.10%, a rate that is higher than that available at commercial banks.
In order to attract money from savers in colones in six months terms, the rates currently offered by financial institutions are 8.10% in the case of the Central Bank (Banco Central), 6.85% at Banco Nacional, 6.75% at Banco de Costa Rica and 6.40% in Promérica.
The Passive Base Rate went up from 6% to 6.10%, while the Effective Rate in Dollars rose slightly from 2.28% to 2.29%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, March 28, news that after registering a decline last week, the Passive Base Rate rose 0.10%, and the level at which it will remain until Wednesday, March 7 is 6.10%.[GRAFICA caption = "Click to interact with graph"]
The Passive Base Rate fell from 6.05% to 6%, while the Effective Rate in Dollars also fell, from 2.30% to 2.28%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, February 21, news that after the increase registered the previous week, the Passive Base Rate returned to the level reported two weeks ago, and will remain at 6% until next Wednesday, February 28.[GRAFICA caption = "Click to interact with graph"]
The Passive Base Rate has gone up from 6% to 6.05%, while the Effective Rate in Dollars rose from 2.23% to 2.30%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, February 14, news that after registering a decline last week, the Passive Base Rate went up 0.05%, and the level in which it will remainuntil next Wednesday, February 21 is 6.05%. [GRAFICA caption = "Click to interact with graph"]
The Passive Base Rate fell from 6.05% to 6%, while the Effective Rate in Dollars also fell, from 2.33% to 2.23%.
On the afternoon of Wednesday, February 7, the Central Bank of Costa Rica published news that for a second consecutive week, the Passive Base Rate fell back to the level recorded 4 weeks ago, and will remain at 6% until Wednesday, February 14.[GRAFICA caption = "Click to interact with graph"]
The scheme that the Central Bank of Costa Rica will implement in order to have control over inflation will bring greater flexibility for the exchange rate.
In line with the scheme adopted in 2005 to control the growth of prices, the Central Bank has now decided to grant more flexibility to the inflation targeting system, which "... means that all of the monetary authority's policies will be aimed at achieving this goal, even theexchange rate."The nominal anchor is the inflation target, instead of a monetary aggregate or an exchange rate," explained Róger Madrigal, director of the Economic Division at the Central Bank."
The Effective Rate in Dollars has risen from 2.31% to 2.33%, while the Passive Base Rate fell from 6.10 to 6.05%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, January 31, news that after increases in the previous weeks, the Passive Base Rate registered a reduction, and will remain at 6.05% until next Wednesday, February 7.[GRAFICA caption = "Click to interact with graph"]
In Costa Rica for the third consecutive week there were increases, the Passive Base Rate reached 6.10% and the Effective Rate in Dollars 2.31%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, January 24, news that for a third consecutive week there has been an increase in the Passive Base Rate, and the level at which it will remain until next Wednesday, January 31, is 6.10%.[GRAFICA caption = "Click to interact with graph"]
In Costa Rica there have been increases for a second consecutive week, the Passive Base Rate reached 6.05% and the Effective Rate in Dollars 2.27%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, January 17, news that for a third consecutive week there has been an increase in the Passive Base Rate, and the level at which it will remain until next Wednesday, January 24, is 6.05%.[GRAFICA caption = "Click to interact with graph"]
The Passive Base Rate rose from 5.90% to 6%, while the Effective Rate in Dollars also increased from 2% to 2.22%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, January 10 news that after a dip 0.05% registered last week, the Passive Base Rate rose 0.10%, and the level at which it will remain until Wednesday January 17 is 6%.[GRAFICA caption = "Click to interact with graph"]
The Passive Base Rate fell from 5.95% to 5.90%, while the Effective Rate in Dollars also fell, from 2.22% to 2%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, January 3, news that after a rise last week, the Passive Base Rate has returned to the level of 2 weeks ago, and will remain at 5.90% until next Wednesday, January 10.[GRAFICA caption = "Click to interact with graph"]
It is expected that under current economic conditions, the local currency will depreciate on average 3.6% against the US dollar in 2018.
The monthly survey on expectations of exchange rate variations up to December 2017 made by the Central Bank, foresees that during the next 12 months the Colón will depreciate by 3.6%, which would mean an increase of ₡20.52 according to the average price on the Monex Wholesale Market of ₡570.20 at the close of last year.