Costa Rica: Passive Base Rate Rises to 10.25%

After remaining between 9.5% and 10% over the past 45 days, the Passive Base Rate has resumed its upward path, reaching its highest level this year.

Thursday, July 26, 2012

With this increase the rate reaches a level not attained since October 2009.

The passive base rate is calculated by the Central Bank and is the weighted average interest rate for savings in colones for periods ranging from 150 days (5 months) and 210 days (7 months).

"Although state banks are the ones that have put increased pressure on the rate, this week all entities have show an increase in their savings rates", reported Nacion.com

More on this topic

Costa Rica: Passive Base Rate Rises to 10.5%

August 2012

From today the Passive Base Rate (PBR) rises by a quarter point, going from 10.25% to 10.50%, its highest level for almost three years.

The passive base rate is calculated by the Central Bank and is a weighted average of interest rates of savings in colones for periods ranging from 150 days (5 months) to 210 days (7 months).

Base Rate in Costa Rica Hits Highest Point this Year

July 2012

The Passive Base Rate has increased by 50 base points and now stands at a level of 10%.

The indicator has again hit the highest value reached in 2012, having been at the same value between 10 and 22 May 2012 and between May 31 and June 13, 2012.

The passive base rate is calculated by the Central Bank and is a weighted average interest rates of savings in colones for periods ranging from 150 days (5 months) and 210 days (7 months).

Basic Interest Rate Reaches 8.5% in Costa Rica

January 2012

From today the basic passive rate (TBP in Spanish) rose half a percentage point to settle at 8.5%, a level not seen since May 2010.

"The increase was caused by higher deposit rates at state-owned banks, which are the entities that carry the most weight in the definition of the TBP.

Costa Rica: Base Rate Increases to 10.50%

September 2012

The passive base rate will increase 50 base points from tomorrow Thursday 13, reaching a level of 10.50%.

The value of 10.5% is the highest percentage recorded by the indicator so far this year, 2012.

The passive base rate (PBR) is calculated by the Central Bank of Costa Rica and is a weighted average of the interest rates for savings in colones for fixed terms ranging from 150 days (5 months) and 210 days (7 months).

 close (x)

Receive more news about Central Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


EB-5 U.S.A Program Immigrant Investor Visa Qualified Commercial Property in Puerto Rico.

EB-5 U.S.A Program Immigrant Investor Visa Qualified Commercial Property in Puerto Rico.
Excellent and modern property, in Trujillo Alto, Puerto...

Stock Indexes

(Aug 28)
Dow Jones
-0.25%
S&P 500
-0.17%
Nasdaq
-0.26%

Commodities

(Aug 29)
Brent Crude Oil
103.20
Coffee "C"
200.00
Gold
1,291
Silver
19.553