US EditionCosta Rica Cuts Rates as Economy Faces Deflation and Fragile Growth
3 Articles
3 Articles
The president of the Central Bank of Costa Rica (BCCR), Róger Madrigal, questioned that the financial institutions transfer the reduction of the rate of monetary policy (TPM) to the debtors in colones. “The Bank (Central) has already done its task of reducing the rate. It is left to the financial system to transfer that reduction to the end user. They will transfer it to the savers, in that I have no doubt, and to the users of the credit, what w…
Costa Rica Cuts Rates as Economy Faces Deflation and Fragile Growth
Costa Rica’s Central Bank has lowered its main interest rate from 4% to 3.75% to make borrowing slightly cheaper and support a slowing economy. This move comes as the country faces unusual pressure: prices have not just slowed in growing, they have actually dropped. In June 2025, official figures show inflation stood at -0.22%. While […]
The decision is framed in a context in which inflation is recording negative values, although close to zero, in the last year. In June, this figure was -0.20% year-on-year, the highest since the beginning of the year.
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