Friday 24 September 2021

Basic Passive Rate Drops To 6.55%

Paying the bills


Seven drivers a day go to the Prosecutor’s Office for driving drunk

QCOSTARICA - Every day, seven drunk drivers are referred...

Costa Rica has the lowest inflation in the region

QCOSTARICA - Costa Rica registered the lowest inflation in...

11 benefits of e-learning

Whether you struggle to learn in a traditional educational...

Will Paul Chaplet ever fly the flag for Costa Rica on the PGA Tour?

Life comes at you fast when you’re a teen...

What Are the Best Costa Rican Players in the MX League?

The Primera División de México, better known as Liga...

The sacrifices of Nicaraguans abroad fuel increased remittances

Q REPORTS - Mildred Duarte, 31, is exhausted. She...

Today’s Vehicle Restriction September 24: Plates ending in “9 & 0” CANNOT circulate

QCOSTARICA - For today, Friday, September 24, vehicles with...
Paying the bills


The Banco Central de Costa Rica (BCCR) – Central Bank – dropped the Basic Passive Rate (BPR) (tasa básica pasiva in Spanish) to 6.55% on Wednesday, after maintaining the rate at 6.65% for weeks.

Banco-Central-de-Costa-RicaThis is the lowest rate since 2008 when it dropped to 4.25% in April of that year, climbing back up to a high of 12% in July 2009. Since February of this year, the rate is about one half of the rate in 2005.

The BPR is used as a guide by lending institutions for most loans in colones and is calculated using the weighted behaviour of rates by private and public banks and lending institutions.

- Advertisement -

With the new methodology for calculating this indicator, approved by the Central Bank last December, the rate is rounded to the nearest five basis points rather than 25 basis points closest as before.

The  Banco Central or BCCR is not to be confused with the Banco de Costa Rica (BCR). Similar to other Central Banks in the world, the functions of Banco Central de Costa Rica include providing banking services to the Government of Costa Rica and financial institutions, issuing the domestic currency, regulating commercial banks and other financial institutions, providing economic advice to the Government, conducting research and publishing information on monetary and other economic developments. Only notes and coins issued by the Central Bank shall be legal tender in Costa Rica. The BCR on the other hand is one of three state owned commercial banks.

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.