COSTA RICA BUSINESS NEWS – The main reference bank rate for loans and investments increased from 7.20 to 7.25%, a level at which it will remain until at least November 19.

After having remained for three consecutive weeks at 7.20% and in line with expectations of rate increases identified by surveys on economic expectations, the bank rate increased by 0.05%.

The Banco Central (Central Bank) evaluates the rate weekly, every Thursday.

The base interest rate calculated by the Central Bank is an indicator of the average rates  by financial institutions with maturities of 150-210 days.

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