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Basic rate back to 5.30%, the lowest level of the year

June 9, 2016 by Staff News Writer

The passive rate (TBP) will return to 5.30%, the lowest level of the year.

The downgrade this week was influenced by a decrease in rates actually paid by private banks, mutuals and cooperatives, for all maturities.

The basic rate is used by financial institutions as a reference for the calculation of long-term loans in colones.

On the other hand, the effective tax rate in Dollars (TED) will increase from 2.06% to 2.01%. This rate is being calculated since May and is expected to serve as a benchmark for loans in foreign currency.

crhoy.com

Related articles:

  1. Passive rate returns to 5.40%
  2. Private bank pays higher interest rates in dollars
  3. MEIC asks businesses to use correct exchange rate
  4. Passive rate rises to 5,40%
  5. Dollar reaches its highest level since July of 2010
  6. Dollar credit rate increased in the last two weeks

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