The Central Bank of Costa Rica reported that from 23 and until at least until May 30, the BPR will remain at 6.70%.
"The passive base rate (PBR) shows a trend of stability in the short term, particularly from the end of March until the 29th of May, when the most recent calculation of this indicator came into effect ...", reported Elfinancierocr.com.
The Central Bank of Costa Rica reported that as of May 9 the passive base rate will be set at 6.70%, down 0.05% from the previous week.
"With this reduction, the basic passive rate (TBP) reaches its lowest level since February 2008. At the beginning of this 2013, the indicator was at 9.20%, so it has lost 2.5% in just four months. A year ago, the TBP was by 10%," noted an article in Elfinancierocr.com.
The Central Bank of Costa Rica reported that from 2 and at least until May 8, the PBR will remain at 6.75%.
"This is one of the lowest recent levels and for the longest duration. The last time it was at 6.75% was in October 2010 and then it was only for a week," noted an article in Elfinancierocr.com.
Economists and stock brokers in Costa Rica are pointing towards a PBR of nearly 7% with inevitable declines and increases, but not very far from this rate.