Sunday 16 May 2021

Costa Rica Lowers Interest Rates

The Basic Passive Rate decreased from 5.65% to 5.50%, while the Effective Rate in Dollars also decreased, from 2.52% to 2.33%.

The Banco Central de Costa Rica (Central Bank) published on Thursday the rates that will be in effect for the coming week.

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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The Central Bank also reported that after the 0.03% increase in the Effective Rate in Dollars (TED), recorded last week, the present rate dropped and will stand at 2.33% over the next 7 days.

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FACT CHECK:
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Q Costa Rica
Reports by QCR staff

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