Central America: Costa Rica´s Central Bank reduced its inflation target range

CENTRAL AMERICA - In Brief 31 Jan 2014 by Francisco de Paula Gutierrez
The Central Bank of Costa Rica reduced its inflation target range for 2014-2015 to 4.0% ± 1 p.p. The new target, included in the Macroeconomic Program 2014-15 approved on January 29th, is consistent with the observed decline in the inflation rate during last year (3.68% y/y as of December). The Bank also included its outlook for the main macroeconomic variables, as shown in the following table, under the assumption that a fiscal reform is not approved during the forecasting period and the government places an additional $1.0 billion in the Eurobond market, both in 2014 and 2015. The Bank maintained its commitment with parameters of the currency band and will keep them until conditions to migrate to a full fledge inflation target regime are met.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.