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%.
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%.
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%.
This is the second 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%.
According FUSADES in the last three months the Salvadoran economy continued to show signs of advanced deterioration.
From a statement by the Salvadoran Foundation for Economic and Social Development (FUSADES):
In the third quarter of 2014 the Salvadoran society has found opportunities for economic dialogue in order to address the challenges of low growth, unemployment, migration, and growing public debt.
Accepting personal responsibility for your own and your family's progress is a direct result of the knowledge of the fundamentals of economics and finance.
In order to manage the personal wealth in an adequate way and to properly assess the economic policies governments apply, it is essential to have an economic and financial education since primary school.