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 a new attempt to minimize the downward trend registered in the price of the local currency against the dollar, Banco de Guatemala will intervene in the exchange market buying $500 million.
The exchange rate of the Quetzal with respect to the US Dollar has trended downwards since January 2010, when the Quetzal was quoted at Q8.40, falling to Q7.34, according to the latest record available in January 2018.The new measure that is being implemented from today, involves carrying out auctions on the foreign exchange market every Friday, of $50 million each, until a total amount of $500 million has been spent.
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.
The Passive Base Rate went up from 5.90% to 5.95%, while the Effective Rate in Dollars went down from 2.18% to 2.14%.
The Central Bank of Costa Rica published on the afternoon of Wednesday December 20, news that for the second consecutive week the Passive Base Rate went up, this week by 0.05%, and the level at which it will remain until next Wednesday, December 27 is 5.95%[GRAFICA caption = "Click to interact with graph"]
The Basic Passive Rate went up from 5.75% to 5.90%, while the Effective Rate in Dollars decreased slightly from 2.19% to 2.18%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, December 13, news that after a dip in the previous week, the Passive Base Rate rose by 0.15%, and the level at which it will remain until next Wednesday, December 20 is 5.90%[GRAFICA caption = "Click to interact with graphics"]
The Passive Base Rate fell from 5.90% to 5.75%, while the Effective Rate in Dollars also fell, from 2.20% to 2.19%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, December 6, news that after remaining unchanged for two weeks, the Passive Base Rate registered a reduction, and will remain at 5.75% until Wednesday, December 13. [GRAFICA caption = "Click to interact with graphics"]
The effective rate in dollars rose from 2.17% to 2.20%, while the passive base rate remains at 5.90%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, November 29, news that during the next week the Passive Base Rate will remain unchanged, and the level at which it will stand until Wednesday, December 6 is 5.90%.[GRAFICA caption = "Click to interact with graphics"]