Monday 1 March 2021

Prime Rate Drops to 8.6%

bccrfiThe Banco Central (Central Bank) today has reduced the Tasa Básica Pasiva  (Prime Rate) even further, dropping to 8.6% from 8.9 the day earlier.

The rate climbed to a high of 12% in January 2009 from a low of 7% a year before that.

on January 24, 2003 the Tasa Básica was 17.5%.

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For a historic look at the Tasa Baásica click here.

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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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