Goals of the Central Bank of Costa Rica generate skepticism

Experts believe that it is difficult for the Central Bank to meet the objectives of its macro-economic plan for this year and the next.

Monday, August 11, 2008

The new projections will be hard to reach because international inflationary pressures will continue despite apparent reductions in the last few months.
In addition to this, other factors such as the price of oil and world food, and the economic slow-down in the United States, will continue to have an effect.
With all of this in mind, the Central Bank's perspectives begin wobble and expert opinions are now more skeptical.

More on this topic

Costa Rican Inflation Between Limits

August 2010

As of July 2010 inflation stood at 5.68% year-on-year, close to the goal set by the Central Bank.

The increase in price levels during 2010 is 3.75%.

January and February account for approximately 40% of the inflation experienced so far this year, while average monthly inflation for subsequent months is 0.28%.

Optimistic Review By Costa Rican Central Bank

July 2009

BCCR's second review of the macroeconomic program lowers the projected contraction in real GDP.

The report points out that the evolution of the Costa Rican economy will continue tied to the global environment. The Central Bank still expects a contraction in the local economy, albeit at a lower pace than forecasted in the first review of the macroeconomic program.

Costa Rica's June inflation rises to 6.55%

July 2008

The rise in food and fuel prices on international markets continues to spur inflationary expectations in Costa Rica. These concerns were first expressed by the Central Bank early in the year.

In June, the annual rate of inflation stood at 6.55 percent.
Not everyone is prepared to blame oil and food prices as the main culprit in the latest round of inflation.

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.

The survey is carried out each month by the Central Bank to measure inflation and exchange rate expectations by analysts and experts. The survey covers businessmen, academics and consultants.

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