Costa Rica Interest Rate

The benchmark interest rate in Costa Rica was last recorded at 4.75 percent. Interest Rate in Costa Rica is reported by the Central Bank of Costa Rica. Interest Rate in Costa Rica averaged 6.81 Percent from 2006 until 2014, reaching an all time high of 10 Percent in August of 2008 and a record low of 3.75 Percent in December of 2013. In Costa Rica, interest rate decisions are taken by the Central Bank of Costa Rica. The official interest rate is the monetary policy rate. The monetary policy rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds. This page provides - Costa Rica Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.75 3.75 10.00 3.75 4.75 | 2014/04 2006 - 2014 Percent Monthly

TO

Costa Rica Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 4.75 2014-03-31 3.75 10.00 3.75 4.75 2014-04-30 Percent [+]
Foreign Exchange Reserves 317.85 2013-11-15 260.22 565.15 -1718.92 528.79 2014-03-31 USD Million [+]
Money Supply M2 7019108.54 2014-03-31 6944216.73 7083744.57 79181.66 7039017.52 2014-04-30 CRC Million [+]
[+]


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


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Costa Rica Capital Flows at 779.61 USD Million  
Capital Flows in Costa Rica increased to 779.61 USD Million in the fourth quarter of 2013 from 470.53 USD Million in the third quarter of 2013. Capital Flows in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Changes in Inventories at -37884.70 CRC Million  
Changes in Inventories in Costa Rica decreased to -37884.70 CRC Million in the fourth quarter of 2013 from 9872.70 CRC Million in the third quarter of 2013. Changes in Inventories in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Consumer Price Index (CPI) at 165.76 Index Points  
Consumer Price Index (CPI) in Costa Rica increased to 165.76 Index Points in March of 2014 from 164.75 Index Points in February of 2014. Consumer Price Index (CPI) in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Consumer Spending at 448161.30 CRC Million  
Consumer Spending in Costa Rica increased to 448161.30 CRC Million in the fourth quarter of 2013 from 389016.20 CRC Million in the third quarter of 2013. Consumer Spending in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Current Account at -760.14 USD Million  
Costa Rica recorded a Current Account deficit of 760.14 USD Million in the fourth quarter of 2013. Current Account in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Foreign Exchange Reserves at 317.85 USD Million  
Foreign Exchange Reserves in Costa Rica increased to 317.85 USD Million in the fourth quarter of 2013 from 260.22 USD Million in the third quarter of 2013. Foreign Exchange Reserves in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica GDP Constant Prices at 573458.30 CRC Million  
GDP Constant Prices in Costa Rica increased to 573458.30 CRC Million in the fourth quarter of 2013 from 573221.30 CRC Million in the third quarter of 2013. GDP Constant Prices in Costa Rica is reported by the Central Bank Of Costa Rica.
Costa Rica Government Spending at 50118.70 CRC Million  
Government Spending in Costa Rica increased to 50118.70 CRC Million in the fourth quarter of 2013 from 49767.90 CRC Million in the third quarter of 2013. Government Spending in Costa Rica is reported by the Central Bank of Costa Rica.
Costa Rica Gross Fixed Capital Formation at 183181.90 CRC Million  
Gross Fixed Capital Formation in Costa Rica increased to 183181.90 CRC Million in the fourth quarter of 2013 from 155588.20 CRC Million in the third quarter of 2013. Gross Fixed Capital Formation in Costa Rica is reported by the Central Bank Of Costa Rica.
Costa Rica Producer Prices at 367.48 Index Points  
Producer Prices in Costa Rica increased to 367.48 Index Points in March of 2014 from 361.89 Index Points in February of 2014. Producer Prices in Costa Rica is reported by the Central Bank of Costa Rica.
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