Interest Rates Rise in Costa Rica

The Central Bank of Costa Rica (BCCR) has announced an increase in interest rates for electronic deposits ranging from 60 to 270 days.

Wednesday, August 1, 2012

A statement from the Central Bank of Costa Rica reads:
We report a change to electronic deposit rates for fixed terms, as follows:

Gross interest rate:

DEP060 goes from 5.00% to 5.50%
DEP090 goes from 5.85% to 6.35%
DEP180 goes from 7.35% to 7.85%
DEP270 goes from 8.30% to 8.55%

These changes are effective as of July 31, 2012, and as with the other adjustments made this year, respond to a gap in the current rates of electronic repositories for fixed terms compared to yields offered by other investment alternatives in the domestic market.

Interest rates
for the remaining fixed term electronic deposits remain unchanged.

More on this topic

Rise in Electronic Savings Interest Rates

August 2012

The Central Bank of Costa Rica (BCCR) has announced an increase in interest rates for electronics deposits ranging from 90 to 1080 day terms.

From a press release from the BCCR:

We report a change to the rates for fixed term electronic deposits, as follows:

Gross interest rate:

Interest Rates Rise Again in Costa Rica

February 2012

The Central Bank of Costa Rica has once again increased interest rates on savings offered by the electronic platform Direct Central.

From a press release from the BCCR:

PRESS
San Jose, February 28, 2012
Interest rates - electronic deposits

We report a change in electronic savings rates to term, as follows:

Central Directo in Costa Rica Raises Interest Rates

February 2012

The Central Bank of Costa Rica has increased interest rates on savings offered by the electronic platform Central Directo .

From the press release by the BCCR:

PRESS RELEASE

San Jose, February 7th , 2012
Interest rates - electronic deposits

We inform you that the electronic deposit rates to term have changed, as per the following:

New Rise in Central Direct’s Interest Rates

February 2012

Less than a week after the last rise the Central Bank of Costa Rica has again increased interest rates on deposits offered by the electronic platform Direct Central.

From the BCCR’s press release:

PRESS
San Jose, February 14, 2012
Interest rates - electronic deposits

We report that the electronic deposit rates to term have changed as follows:

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