Costa Rican Central Bank Bonds will be Sold Without Intermediaries

Physical and legal investors can buy Monetary Stabilization Bonds without a seat in the exchange.

Monday, March 2, 2009

The Central Bank of Costa Rica proposed a change in monetary policy regulations, allowing any investor to purchase bonds issued directly by the body to regulate the money supply in the economy.

In an article in, Roy Gonzalez, "... explained that this measure, along with other changes they are pushing, aims to improve liquidity control and interest rate signal transmission."

The new option for investors will be available when the new platform that integrates all of the money markets, called "Integrated Market Liquidity" (MIL), begins to operate.

More on this topic

Base Rate in Costa Rica Maintained at 6.70%

May 2013

From 16 and to at least 23 of May, the passive base rate in Costa Rica will remain at 6.70%.

The Central Bank of Costa Rica reported that the passive base rate will remain at 6.70%, the same percentage as the previous week.

"This is the third pause that the indicator has made since its downward trend began in late December, as most of the weeks it has dropped, with the smallest amount being 0.05 percentage points ...", reported

Capitalization of the Costa Rica's Central Bank causes problems

June 2008

For the promotors of the bill to capitalize the Central Bank of Costa Rica it will be necessary to reduce the costs that would be involved, especially since the market is in decline.

Although the bill has only one objective, which is to provide more tools for controling inflation, the Costa Rican stock market does not appear to like what it sees.

Superpowers of Costa Rica's Central Bank create discrepancies

April 2008

The regulations carried out by the Board of Directors of the National Supervision of the Financial System (Conassif) has a cost to Costa Ricans of about 9 billion colons. The resources come from the Central Bank and a charge on financial transactions.

This expense is inflationary because the Central Bank issues money to cover the costss of the entities that are involved in the supervision and regulation of the financial system.

Capitalization of Costa Rica's Central Bank would cause distortions

April 2008

The Law of Capitalization of the Central Bank is being scrutinized by bankers and analysts, many of whom question the benefits attributed to it as an inflation-fighting mechanism.

From the Central Bank's point of view there is evidence that inflation is caused by three main structural factors: Central Bank losses, the exchange system, and distortions that impede the control of liquidity in Costa Rica.

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