Sunday 9 May 2021

Basic Rate Keeps Going Up

The basic interest rate (Tasa básica pasiva) increased to 6.55%, a level that had not been recorded for four years, while the effective interest rate (Tasa efectiva dólares – TED) in U.S. dollars also increased, in this case to 3.14%.

According to data published by the Banco Central de Costa Rica (BCCR) – Central Bank – on Wednesday afternoon, June 26, the Tasa básica pasiva reports levels that did not reach since last September 30, 2015, and will remain at 6.55% until next July 3.

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The new rates are posted on Thursdays.

The Tasa básica pasiva is an average of the rates in colones of the financial entities in terms of 150 to 210 days.

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FACT CHECK:
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"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.

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