According to data published on the Central Bank website, the passive basic rate (TBP) will decrease to 4.55% (5 basis points) from today.
When compared to the same figure in 2016, the indicator is 105 basis points below. A fall in the deposit interest rate in mutual and public banks led to this decrease.
The basic rate is used as a reference to calculate the monthly installments of loans in colones.
In 2016, it reached its lowest level in the last 8 years.
According to economist Luis Diego Herrera, from Acobo stock company, the rate could rise in the second half of the year due to the pressure for resources in the loanable funds market.