Costa Rica: New Monetary Policy Rate DecreaseArguing 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%.Thursday, June 20, 2019
This is the third reduction made by the Central Bank of Costa Rica (BCCR) so far this year, since at the end of March it decided to reduce the monetary policy rate from 5.25% to 5% and in May from 5% to 4.75%. Do you need to keep track of the key economic indicators in Central America?Request more information about our Regional Economic Monitor. Need assistance? Contact us
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Costa Rica: Monetary Policy Rate Falls to 3.25%October 2019 Arguing that the reduction would support the incipient economic recovery process shown by production indicators, the Central Bank decided to lower the Monetary Policy Rate for the sixth time this year. Costa Rica: Monetary Policy Rate Falls AgainJuly 2019 Arguing 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%. 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%. Monetary Policy Rate goes Down to 5%March 2019 Arguing that there are factors that could push inflation down, in Costa Rica the Central Bank decided to reduce the monetary policy rate from 5.25% to 5%.
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