The Basic Passive Rate (Tasa Básica Pasiva – TBP) rose from 5.50% to 5.60%, while the Effective Rate in Dollars (Tasa Efectiva Dólares – TED) also rose, in this case from 2.33% to 2.39%.
The Banco Central de Costa Rica (BCCR) – Central Bank – published on Wednesday afternoon November 13 that after registering a decrease the previous week, the Basic Passive Rate rose by 0.10%, and will remain at 5.60% until next Wednesday, November 20.
The TBPrate is an average of the collection rates in colones of financial institutions with terms of 150 to 210 days.
The Central Bank also reported that after the 0.06% increase in the TED recorded last week, the present rate rose again and will stand at 2.39% over the next 7 days.