Tuesday 18 May 2021

Basic Passive Rate Keeps Rising

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.

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

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