Monetary Policy Rate goes Down to 5%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%.Thursday, March 28, 2019
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). Do you need information about the financial sector?Request more information: Need assistance? Contact us
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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: 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%. 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 Stays at 5.25%March 2019 Arguing that inflation expectations are within the target range, in Costa Rica the Central Bank decided to keep the monetary policy rate unchanged.
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