The basic passive rate (TBP) will rise to 5.75% on Thursday, which marks its sixth consecutive increase since May, when it was around 4.55%.
According to data from the website of the Central Bank, the indicator will increase five basis points in relation to its last update. The rate was not at this level since February last year, when the trend was down.
The increase responds to the efforts of the monetary authority to increase colones interest rates in the economy.
The base rate is used as a reference for the calculation of long-term loan installments in colones and for the payment of the interest of some investments in foreign currency.
In recent days, the Central Bank increased the Monetary Policy Rate (MPR), which serves as a guideline rate in the financial market. It also reopened the Central Directo funding platform, which has also raised interest rates.