,

Costa Rica Effective Dollar Rate Goes Up

The effective rate in dollars went up to 2.13% from 2.01% last week, while the passive basic rate in colones dropped to 5.75% after remaining at 5.80% for two consecutive weeks.

The Banco Central de Costa Rica (BCCR) – Central Bank of Costa Rica – published on the afternoon of Wednesday, October 18, news that after two weeks, the Passive Base Rate in colones dropped slightly.

The passive base rate is an average of deposit rates in colones given by financial institutions for maturities of 150-210 days.

The Central Bank also reported a rise in the Effective Dollar Rate (TED) to 2.13% from 2.01%.