After several weeks down, the Passive Basic Rate (TBP) will end August with an increase of 15 basis points. Now, it stands at 5.85%.
The TBP is a reference that financial institutions use to calculate how much they will pay for savings interest or for the loan fee. Any movement in this rate directly affects those who have loans in colones at variable rates, either upwards or downwards.
At this time, there could be a greater demand for colones in the market as a result of the appreciation against the dollar and the prize for saving in local currency and therefore the rebound in TBP.