Costa Rica: Monetary Policy Rate Rises to 2.25%

Arguing the existence of additional pressures on inflation, the Central Bank has raised the monetary policy rate to 2.25%, a rate which has stood at 1.75% since January 2016.

Thursday, April 6, 2017

From a statement issued by the Central Bank:

The Board of Directors of the Central Bank of Costa Rica established, in article 7 of the minutes of the 5765-2017 session of April 5, 2017, unanimously and firmly, the following:
1.  Setting the Monetary Policy Rate at 2.25% per annum, as of April 6, 2017.
2.  Setting the gross interest rate for one day deposits (DON by their initials in Spanish) at 0.95% per annum, as of April 6, 2017.

The decision of the collegiate body was based on the following considerations: 
A. Article 2 of the Organic Law of the Central Bank of Costa Rica establishes as priority objectives of this Institution maintaining the internal and external stability of the colón and ensuring its conversion into other currencies.



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From the BCH statement:

May 9th, 2019. In ordinary session No.164 held on May 6, 2019, the Open Market Operations Commission (COMA) of the Central Bank of Honduras (BCH) analyzed the current situation and prospects of the main macroeconomic and financial indicators, at the national and international levels.

Costa Rica: Monetary Policy Rate Rises to 5%

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Claiming that in the last few months inflation expectations have increased, the Central Bank has raised the monetary policy rate from 4.75% to 5%, from February 1st.

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Costa Rica: Monetary Policy Rate Rises to 4.75%

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For the sixth time in the year and arguing future inflationary pressures, the Central Bank has raised the monetary policy rate to 4.75% as of November 30.

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Costa Rica: Monetary Policy Rate Goes Up Again

April 2017

For the second time this month and arguing short-term inflationary pressures, the central bank has decided to raise the monetary policy rate from 2.25% to 2.50%.

This increase in the monetary policy rate follows the one announced on April 6, when the Central Bank raised it to 2.25%, before then it had remained at 1.75% since January 2016.