Costa Rica interest rate
- Policy rate
- 3.00%
- Aug 2026
- Last move
- −0.25 pt
- Jul 2026
- Inflation
- -0.3%
- Jun 2026
- 10-year bond yield
- 6.28%
- Aug 2026
The policy rate set by the central bank of Costa Rica is 3.00% as of Aug 2026. Its most recent move: it cut its rate from 3.25% to 3.00% (Jul 2026). The rate is 0.50 percentage points lower than a year earlier. With consumer prices up -0.3% over the 12 months to Jun 2026, the real rate (policy rate minus inflation) is +3.3%: borrowing costs are above inflation.
Policy rate over the past two years
Aug 2026: 3.00%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Jul 2026 | Cut | 3.25% | 3.00% | −0.25 pt |
| Dec 2025 | Cut | 3.50% | 3.25% | −0.25 pt |
| Sep 2025 | Cut | 3.75% | 3.50% | −0.25 pt |
| Jul 2025 | Cut | 4.00% | 3.75% | −0.25 pt |
| Oct 2024 | Cut | 4.25% | 4.00% | −0.25 pt |
| Sep 2024 | Cut | 4.75% | 4.25% | −0.50 pt |
Changes between month-end rates. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Jun 2026: -0.3%
10-year government bond yield
Aug 2026: 6.28%
Other central banks in Central America
Source: IMF monetary statistics; inflation: IMF CPI; bond yield: OECD. Updated daily. All central bank rates · Costa Rica economy dashboard