Costa Rica BCCR monetary policy rate (TPM)
Costa Rica BCCR monetary policy rate (TPM) is 3.25 percent, in force since 19 Dec 2025. It was 3.5 percent before that. Last checked against the official source on 16 Jul 2026.
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).
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| 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 |
|---|---|---|
| 2025-09-19 | 3.5 | BCCR — Comunicado de Política Monetaria N.º 06-2025, 18 set… |
| 2025-07-18 | 3.75 | BCCR — Comunicado de Política Monetaria N.º 05-2025, 17 jul… |
| 2024-10-18 | 4 | BCCR — Comunicado de Política Monetaria N.º 04-2025, 19 jun… |
Get it programmatically
curl https://usaref.dev/v1/cr/policy-rate
# $0.005 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: IVA standard rate · VAT registration threshold · Minimum wage (lowest generic monthly rate) · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Statutory legal interest (interés legal) · Personal income tax brackets · Statutory social-insurance contributions
The same figure elsewhere: Dominican Republic · El Salvador · Guatemala · Honduras · Mexico · all 10