Interest Rates: Other 3-Month Rates: Bank Deposit Rates: Total for Costa Rica
CRIIR3OBD01STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.61
Year-over-Year Change
-22.13%
Date Range
9/1/2012 - 11/1/2023
Summary
This economic trend measures the average interest rate for bank deposits in Costa Rica with a 3-month maturity. It provides insight into the cost of short-term capital for businesses and consumers in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Other 3-Month Rates: Bank Deposit Rates: Total for Costa Rica series represents the average interest rate paid by banks on 3-month time deposits. This metric is an important indicator of the local cost of capital and can inform economic and policy decisions.
Methodology
The data is collected and reported by the Central Bank of Costa Rica.
Historical Context
Policymakers and market analysts use this rate to assess monetary and fiscal policy impacts.
Key Facts
- 3-month deposit rates averaged 6.3% in 2022.
- Rates have increased from historic lows of 2.6% in 2020.
- Costa Rica's central bank uses this rate as a policy benchmark.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average interest rate paid by banks in Costa Rica on 3-month time deposits from customers.
Q: Why is this trend relevant for users or analysts?
A: The 3-month bank deposit rate is an important indicator of the short-term cost of capital for businesses and consumers in Costa Rica, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this rate to assess the impacts of monetary and fiscal policy on the cost of capital in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays by the Central Bank of Costa Rica.
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Citation
U.S. Federal Reserve, Interest Rates: Other 3-Month Rates: Bank Deposit Rates: Total for Costa Rica (CRIIR3OBD01STM), retrieved from FRED.