The basic passive rate (TBP) will fall to 5.80% , influenced by a decrease in the interest rates of banks – public and private – and cooperatives.
The indicator has been located close to this level since last June, when interest rates were adjusted to the increases in the monetary policy rate decreed by the Central Bank. Last week it stood at 5.90%.
The TBP is the rate that is used as a reference in the calculation of the installments of long-term loans (housing, vehicles, etc.) denominated in colones.
The rate is calculated weekly by the Central Bank based on the rates actually paid by financial intermediaries for savings and investments in all terms.