Costa Rica policy interest rate
Banco Central de Costa Rica Tasa de Política Monetaria (TPM) — the target rate for overnight operations in the Mercado Integrado de Liquidez, set by the Junta Directiva at its monetary policy meetings (roughly eight per year).
| Current value | 3.25 percent |
|---|---|
| In force from | 2025-12-19 |
| Official source | BCCR — Comunicado de Política Monetaria N.º 08-2025, 18 dic 2025 (sesión 6299-2025): reduce la TPM en 25 p.b. y la ubica en 3,25% anual a partir del 19 de diciembre del 2025 |
| Last verified | 2026-07-16 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Cut 25bps to 3.25% on 18 Dec 2025 (sesión 6299-2025), effective 19 Dec 2025 — the third and last cut of 2025 (75bps total, from 4.00%). Held unchanged at all three 2026 decisions to date: 22 Jan 2026 (sesión 6303-2026, Comunicado 01-2026), 26 Mar 2026 (Comunicado 02-2026) and 21 May 2026 (sesión 6326-2026, Comunicado 03-2026 — latest decision as of confirmation). Context: headline inflation was negative through end-2025 (-1.2% Dec 2025) and below the 3% ±1pp tolerance range; the May 2026 comunicado projects headline inflation turning positive in H2 2026 and approaching the tolerance range late 2026, with upward pressure from Middle East conflict-driven commodity prices, so the Board describes the stance as neutral and on pause. All comunicados: https://www.bccr.fi.cr/publicaciones/pol%C3%ADtica-monetaria-e-inflaci%C3%B3n/comunicados-de-pol%C3%ADtica-monetaria
Earlier values
| From | Value | Source |
|---|---|---|
| 2024-10-18 | 4 | BCCR — Comunicado de Política Monetaria N.º 04-2025, 19 jun |
| 2025-07-18 | 3.75 | BCCR — Comunicado de Política Monetaria N.º 05-2025, 17 jul |
| 2025-09-19 | 3.5 | BCCR — Comunicado de Política Monetaria N.º 06-2025, 18 set |
Get it programmatically
curl https://usaref.dev/v1/cr/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://usaref.dev/v1/cr/policy-rate/history?from=2020-01-01
# Provenance: curl https://usaref.dev/provenance/cr/policy-rateOther Costa Rica series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates