Tag Archives: base rate

Basic Passive Rate Lowest in Last 5 Years

base-rate

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 »