COSTA RICA BUSINESS NEWS – The main reference bank rate for loans and investments increased from 7.20 to 7.25%, a level at which it will remain until at least November 19.
After having remained for three consecutive weeks at 7.20% and in line with expectations of rate increases identified by surveys on economic expectations, the bank rate increased by 0.05%.
The Banco Central (Central Bank) evaluates the rate weekly, every Thursday.
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The base interest rate calculated by the Central Bank is an indicator of the average rates by financial institutions with maturities of 150-210 days.
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