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Costa Rica: Rise in Interest Rates

  • Wednesday, February 15, 2017
After last week's decline, the passive base rate rose from 4.50% to 4.55% and the effective rate in Dollars went from 2.03% to 2.19%.
<span dir="ltr">The Central Bank of Costa Rica issued, on Wednesday afternoon, February 15, news that after a decline last week, the passive base rate rose and will remain at 4.55% until Wednesday 22 February. Click to interact with graphicsClick to interact with graphics

The basic passive rate is an average of deposit rates in colones given by financial institutions for maturities of 150-210 days. 

The Central Bank also reported that the Effective Rate in Dollars (TED) rose and will remain at 2.19% for the next 7 days. (see chart).

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