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Central Bank of Costa Rica raises monetary policy rate

This instrument, which the authorities use to send signals to the market, was increased from 9% to 10%.

Friday, August 8, 2008

"The measure was adopted taking into consideration that the Central Bank will continue with a restrictive monetary policy to reduce the rhythm of growth of prices in the local market and to contribute toward achieving the desired inflation," said the bank in a statement.

Source: La República

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