the last 8 years.
According to information provided by the Central Bank, the rate will fall from Thursday to 4.35%, about 160 basis points below the level at which the year began.
This week’s calculations were influenced by a decrease in rates actually paid by the (public and private) banks, cooperatives and mutuals for all maturities.
The basic passive rate is an indicator used as reference for the calculation of the quotas of the long-term credit operations in colones. It is also used in the estimation of the interests of some investment in national currency.
In previous days, the Institute of Research in Economic Sciences of the University of Costa Rica explained that the indicator could reach 4.30% before December 31st.
Such low levels were not recorded since mid-2008.