50.6% of Costa Ricans Think That Interest Rates Will Rise

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    The Costa Rica News (TCRN) – The basic interest rate increased from 6.75% to 6.85% this week, as announced by the Central Bank of Costa Rica (BCCR). This reaches its highest level since April of last year and according to the latest survey published by the School of Statistics at the University of Costa Rica (UCR) more than half of Costa Ricans think that this is an indicator of more increases.

    Johnny Madrigal Pana, analyst at UCR, said that the figure is lower than three months ago when it was 6.42%

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    According to economists values, the increase is driven by higher deposit rates than the group of public banks are paying for colones in terms of 150 to 210 days.

    According to the information available at the Central Bank, these entities were paying, on average, 6.51% to 6.62% for such deposits.

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

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