The Basic Passive Rate (Tasa Básica Pasiva in Spanish) keeps on rising, this week increased from 6.30% to 6.35%, while the Effective Rate in Dollars (Tasa efectiva dólares) decreased from 2.99% to 2.92%.

The Banco Central de Costa Rica (BCCR) – Central Bank – publishes every Wednesday afternoon changes in rates effective for coming week. On June 12, the Basic Passive Rate increased by 0.05%, and will remain at 6.35% until June 19.

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

For the latest interest and dollar exchange and interest rates by the Central Bank, click here.