Costa Rica: Monetary Policy Rate Falls AgainArguing that there are deflationary pressures and that the unemployment rate remains high, the Central Bank reduced the Monetary Policy Rate from 4.5% to 4%.Tuesday, July 23, 2019
This would be the fourth reduction in the Monetary Policy Rate made by the Central Bank of Costa Rica (BCCR) so far this year, since at the beginning of 2019 was at 5.25% and is currently reduced to 4%. Do you need information about the financial sector?Request more information: Need assistance? Contact us
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Costa Rica: New Monetary Policy Rate DecreaseJune 2019 Arguing that deflationary forces persist and that a low rate of economic activity is reported, the Central Bank decided to reduce the Monetary Policy Rate to 4.50%. Economic Recovery Measures Are Not EnoughJune 2019 The effects of the reduction in the Monetary Policy Rate and the lowering to 12% of the minimum legal reserve for banks will take months to be perceived, and without other parallel actions that impact the business sector more quickly and effectively, the economic reactivation of Costa Rica will not be possible in the short term.
Costa Rica: Monetary Policy Rate Falls to 4.75%May 2019 Arguing that the rise in international commodity prices and the redefinition of the basic tax basket could put upward pressure on inflation, the Central Bank reduced the Monetary Policy Rate to 4.75%. Guatemala: Lider Rate Drops to 3.25%June 2015 The global economy's slow recovery is one of the reasons behind the reduction from 3.50% to 3.25% in the monetary policy rate.
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