The basic passive rate (TBP) rose 10 basis points to 4.55% since Thursday, April 13th, according to data published by the Central Bank in the middle of the week.
The indicator is 100 basis points below the figure shown on the same date a year earlier. The increase this week was influenced by an increase in the recruitment rates of banks and cooperatives.
The basic rate serves as a reference for calculating the monthly installments of loans in colones.
During the past year, it reached the lowest levels of the last eight years. This behavior was influenced by the redefinition of the calculation of the indicator and the reductions of the monetary policy rate (MPR) made by the Central Bank throughout the year.
According to a forecast by the Institute of Research in Economic Sciences, the basic rate could exceed 5% in the short term.