The Central Bank of Costa Rica raised its policy rate by 25bps to 5.25 percent effective from November 1st 2018, in an attempt to curb inflationary pressures. Also, the gross interest rate was lifted by 19 bps to 3.23 percent per year. The bank established an inflation goal of 3 percent, with a margin of plus or minus 1 percentage point. Interest Rate in Costa Rica averaged 5.63 percent from 2006 until 2018, reaching an all time high of 10 percent in August of 2008 and a record low of 1.75 percent in January of 2016.

Interest Rate in Costa Rica is expected to be 5.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Costa Rica to stand at 5.50 in 12 months time. In the long-term, the Costa Rica Interest Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

Costa Rica Interest Rate
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Costa Rica Money Last Previous Highest Lowest Unit
Interest Rate 5.25 5.00 10.00 1.75 percent [+]
Money Supply M2 10534988.15 10647524.45 10714793.94 79181.66 CRC Million [+]
Foreign Exchange Reserves 6542.39 6932.82 8337.13 -1718.92 USD Million [+]
Deposit Interest Rate 2.79 1.21 27.32 1.21 percent [+]


Costa Rica Interest Rate

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. Costa Rica Interest Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.25 5.00 10.00 1.75 2006 - 2018 percent Daily




Country Last Previous
Argentina 59.41 Dec/18
Turkey 24.00 Dec/18
Mexico 8.00 Nov/18
Russia 7.75 Dec/18
South Africa 6.75 Nov/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Nov/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Nov/18
Switzerland -0.75 Dec/18


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