Costa Rica: Central Bank announces the revision of its Macroeconomic Program 2014-2015

CENTRAL AMERICA - In Brief 31 Jul 2014 by Francisco de Paula Gutierrez
As stated by law, the Central Bank of Costa Rica announced today the revision of its Macroeconomic Program for the rest of 2014 and 2015. The Bank kept its inflation target range at 4.0% ± 1.0 p.p. for 2014 and 2015. In general terms, the outlook calls for slightly lower growth but higher disequilibria in the economy (fiscal and external). A summary of the main indicators and a comparison with the original program are shown in the following table: We will discuss the Program in the August monthly report, as part of our revision of the Costa Rican outlook.

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