The increase in domestic debt with terms of less than one year and the growing rise in interest rates are some of the threats that Costa Rica's public finances continue to face.
According to the 2017 Annual Report by the General Comptroller of the Republic, between 2016 and 2017 the percentage of domestic debt with a term of less than one year increased from 15% to 18%, the variable rate rose from 12% to 20%, and the interest rate in dollars grew from 19% to 24%.
The Basic Passive Rate fell from 5.95% to 5.85%, while the Effective Rate in Dollars increased from 2.39% to 2.42%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, September 5, news that the Passive Base Rate fell, this week by 0.10% and the level at which it will remain until next Wednesday September 12 is 5.85%.
The Effective Rate in Dollars increased from 2.35% to 2.40%, while the Passive Base Rate fell from 6% to 5.95%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, August 1, news that after a rise last week, the Passive Base Rate registered a reduction of 0.05% and will remain at 5.95% until Wednesday, August 8.[GRAFICA caption = "Click to interact with graphs"]
The Ministry of Finance in Costa Rica has announced that between today and August 3 it will try to raise, through means of a direct issue in the local stock market, about $879 million.
Authorities reported that two issues of securities will be offered for sale on the Siopel platform of the National Stock Exchange.The first, of $284 million, will have a gross rate of 9% with maturity in 2020, and the second of $595 million, with a gross rate of 10.79% with maturity in 2028.
The Passive Base Rate went up from 5.85% to 6%, while the Effective Rate in Dollars rose from 2.25% to 2.35%.
The Central Bank of Costa Rica published news that after recording a decrease last week, the Passive Base Rate rose by 0.15%, and the level at which it will remain until next Wednesday, August 1 is 6%.[GRAFICA caption = "Click to interact with graphs"]
The Basic Passive Rate has risen from 5.85% to 5.95%, while the Effective Rate in Dollars did not change and remains at 2.39%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, June 27, news that after the reduction reported last week the Passive Base Rate went up 0.10% and the level at which it will remain until next Wednesday, July 4 is 5.95 %.[GRAFICA caption = "Click to interact with graphs"]
The Basic Passive Rate fell from 5.95% to 5.85%, while the Effective Rate in Dollars increased from 2.31% to 2.39%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, June 20, news that thePassive Base Rate fell, this week by 0.10% and the level at which it will remain until next Wednesday June 27 is 5.85%.[GRAFICA caption = "Click to interact with graphs"]
The Effective Rate in Dollars increased from 2.30% to 2.40%, while the Passive Base Rate fell from 5.95 to 5.90%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, June 6, news that the Passive Base Rate registered a reduction for a second consecutive week, and will remain at 5.90% until next Wednesday, June 13.[GRAFICA caption = "Click to interact with graphs"]
The Passive Base Rate fell from 6% to 5.95%, while the Effective Rate in Dollars also fell, from 2.34% to 2.30%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, May 30, news that after registering an increase last week, the Passive Base Rate fell by 0.05%, and will remain at 5.95% until next Wednesday, June 6.[GRAFICA caption = "Click to interact with graphs"]
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"]