According to data released by the Central Bank on its website, from January 19th the basic passive rate (TBP) will drop by 5 basis points reaching 4.50%.
At the new level, the indicator is 145 basis points below the figure shown in the same week a year earlier.
The reduction of this week was influenced by an adjustment in the rates paid by the public banks.
Last year, the basic rate reached the lowest levels in the last 8 years. This behavior was influenced by the redefinition of the calculation of the indicator and the reductions in the monetary policy rate (MPR) made by the Central Bank during the year.
This indicator serves as a reference for the calculation of the monthly installments of long-term loans in colones.