Sunday 16 May 2021

Effective Rate in Dollars Keeps Rising

While the Tasa Básica Pasiva (Basic Passive Rate) remained at 5.65% for the second week, the Effective Rate in Dollars reported a new increase, in this case from 2.49% to 2.52%.

The Banco Central (Central Bank of Costa Rica) said Thursday published the new Basic Passive Rate will remain unchanged until next November 6.

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 0.11% rise in the Tasa Efectiva en Dólares (TED) – Effective Rate in Dollars – recorded last week, the present rate rose again and will stand at 2.52% for the coming week.

The Central Bank traditionally posts any changes in rates every Thursday.

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FACT CHECK:
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