Sunday 16 May 2021

Basic Passive Rate Falls to 5.55%

In Costa Rica, the Basic Passive Rate fell to 5.55%, a level not reported since May 2016, and the Effective Rate in Dollars fell from 2.42% to 2.37%.

The Banco Central de Costa Rica (Central Bank) published on October 16, 2019, that after not having reported movements the previous week, the Basic Passive Rate registered a new negative variation and will remain at 5.55% until October 23.

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The basic passive rate is an average of the collection rates in colones of financial institutions with terms of 150 to 210 days.

The Central Bank also reported that after the Effective Rate in Dollars (TED) reported a 0.06% increase last week, it registered a drop and will be at 2.37% over the next 7 days.

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