The inflation forecast models of the Central Bank suggest that this would converge to the target range from the second quarter of 2019 and would remain around or below the midpoint of that range during the horizon of the 2019-2020 macroeconomic programming, informed the Central Bank of Costa Rica (BCCR).

See "Monetary Policy Rate Stays at 5.25%"

From the BCCR statement:

The Board of Directors of the Central Bank of Costa Rica, in session 5870-2019 on March 27, 2019, agreed to reduce the Monetary Policy Rate (MPR) by 25 basic points, to place it at 5.0% annually from March 28, 2019. Additionally, it was agreed to reduce the gross interest rate of overnight deposits (DON) by 19 basic points to 3.04% annually, also as of March 28, 2019.

Read full article (In Spanish).

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