Costa Rica: base interest rate 2010-2018

Costa Rica's monetary policy rates have been fluctuating during the last few years. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2018, the Costa Rican Central Bank set the base interest rate at 5.01 percent, up from 3.6 percent a year earlier.