The statues at the front of the Banco Central building in downtown San José
The statues at the front of the Banco Central building in downtown San José

QCOSTARICA – After having stood at 7.25% last week, the passive base rate has returned to 7.20%, a level at which it will remain at until at least January 21.

The Banco Central de Costa Rica (BCCR) – Costa Rica’s Central Bank, reported that the basic borrowing rate, an indicator of the average interest rates given on savings by financial institutions for maturities of 150-210 days, will be 7.20%, at least until January 21 2015.

The benchmark interest rate on loans and investments decreased by 0.05% compared to the level at which it stood a week ago.

The Central Bank reviews the rate every Wednesday, taking effect on the following day’s start of business.

 


Stay up to date with the latest stories by signing up to our newsletter, or following us on Facebook.