The Central Bank of Costa Rica reported that the main benchmark for loans will remain at that level until at least January 15.
Elfinancierocr.com reports: "The information represents an increase of 0.05 percentage points from its last recorded level, because the indicator started the year at a rate of 6.50%."
Credit growth in dollars is causing concern about possible risks of devaluation and a rise in interest rates.
Nacion.com reports that: "Guillermo Quesada, President of the Chamber for Banking and Financial Institutions said that banks have been proactive and have already taken steps to address the risks."
From November 28 until December 4 the base rate will go from 6.60% to 6.55%.
Elfinancierocr.com reported that "it was on 25 July when the rate reached its present level (6.55%) for the first time so far this year. Since then, the rate has remained fluctuating between 6.60% and 6.50%. "
"The passive base rate is used as a guide for most loans in colones granted by financial institutions and is calculated based on the weighted performance rates of private and public banks and other financial intermediaries."
The Central Bank reports that, as of this November 14 and at least until 20 the TBP will drop from 6.60% to 6.55%.
Elfinancierocr.com reports: "The rate has been fluctuating between this percentage (6.60%) and the one reached on Wednesday (6.55%), since 12 October this year."
The Central Bank has reported that, as of this November 7th and at least until the 13th the PBR will rise from 6.55% to 6.60%.
Elfinancierocr.com reports: "According to the Central Bank's calculation, the rate increase is due to increases in deposit rates (savings) made by private banks and mutual savings and loan companies. Only credit unions decreased their yields, slightly, in the week the calculation was made. "
From the 24th until at least 30th of October the PBR will be lowered from 6.60% to 6.55%, said the country's central bank.
Nacion.com reports: "With this move, the rate once again reaches the percentage at which it has been constant since 12 September this year."
"For five consecutive weeks the rate remained at the same level of 6.55%, and was only interrupted last week when it recorded a rise and stood at 6.60% for a week".
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 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."
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