Costa Rica’s Central Bank Predicts 7.5% InflationIn its semi-annual report, the Central Bank predicts a 7.5% inflation rate for 2009.Friday, June 19, 2009
This prediction comes close to the target rate of 8% that the bank set for this year. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Basic interest rate raised to 9.25% in Costa RicaSeptember 2008 The basic passive rate, which is an average of the savings interest rates, will go up today by 0.5 percentage points, from 8.75% to 9.25%. Basic interest rate increases to 8.75% in Costa RicaSeptember 2008 Negotiations carried out this week with titles from the BCCR (Central Bank) and the Government in the secondary market were part of the effect that cause the increase in the basic passive interest rate which comes into effect today. Costa Rica raises inflation forecast to 14%July 2008 The Central Bank of Costa Rica (BCCR in Spanish) has increased the inflation projection for this year to 14%, up from between 7% to 9% as was previously announced in January. Costa Rica's inflation to surpass 11%June 2008 A survey of economic forecasts shows that the average inflation rate expected for Costa Rica over the next 12 months is 11.7 per cent. A currency devaluation of 3.5 percent is also expected.
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