Recent Posts

Basic Passive Rate Lowest in Last 5 Years

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The basic passive rate (TBP) will come down to 6.55% on November 14, 2013. According to data released by the Central Bank of Costa Rica, the rate has been fluctuating between 6.60% and 6.55%, from October 12 this year. The basic rate is used as a guide for most colones loans granted by financial institutions, and is calculated based on ... Read More »

Inflation in Costa Rica to End Year at Lowest Level in Four Years

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A 2013 report shows further acceleration of economic activity and fewer inflationary pressures, said Rodrigo Bolaños, President of Banco Central de Costa Rica (BCCR). Bolaños participated in a conference organized by the Chamber of Banks and Financial Institutions of Costa Rica. According to the chief, the variation in prices hover around 4% and if consistent till year end, would be ... Read More »

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