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Costa Rica Lowers Prime Rate

By on January 10, 2013

While the dollar exchange quickly returns to pre-Christmas levels, the prime rate – Tasa Básica Pasiva (TBP)- keeps on dropping, providing a respite to debtors in colones.

The rate has fall for the third consecutive week. The Banco Central de Costa Rica (BCCR) dropped the rate to 9.05% which will affect an estimated 450.000 people with debts in colones.

A positive aspect of the drop is that loans are now much cheaper than when the prime rate was 12% six months ago.

Rico
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!
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