American Expatriate Costa Rica

Basic rate back to 5.30%, the lowest level of the year

The passive rate (TBP) will return to 5.30%, the lowest level of the year.

The downgrade this week was influenced by a decrease in rates actually paid by private banks, mutuals and cooperatives, for all maturities.

The basic rate is used by financial institutions as a reference for the calculation of long-term loans in colones.

On the other hand, the effective tax rate in Dollars (TED) will increase from 2.06% to 2.01%. This rate is being calculated since May and is expected to serve as a benchmark for loans in foreign currency.

crhoy.com