Central Bank Keeps Its Monetary Policy Rate Unchanged

La Nación, Grupo Nación

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The Central Bank of Costa Rica (BCCR) announced that it advanced the income of inflation to the tolerance range around the inflationary target of the issuer, which is between 2% and 4%, with a central objective of 3%.The new projection of the Central Bank indicates that the general inflation will enter the tolerance range in the last quarter of the year, two before what was foreseen last January, in view of the recent increase in international p…

elfinancierocr.com

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The Board of Directors of the Central Bank of Costa Rica (BCCR) decided to leave at 3.25% its Monetary Policy Rate (MPR), this because inflationary pressures are visualized due to the war conflict in the Middle East. The benchmark was 3.25%, a level that applies from December 19. TPM is the main instrument of the Central Bank to guide inflation towards its goal. “The escalation of the war conflict in the Middle East since the end of February has…