Costa Rica: The Central Bank revised its Macroeconomic Program

CENTRAL AMERICA - Report 31 Jul 2015 by Francisco de Paula Gutiérrez and Felix Delgado
As stated by law, the Central Bank of Costa Rica announced yesterday its revision of the Macroeconomic Program 2015-2016, which was originally published in late January. There are no major changes in the Bank´s policy orientation, but there is a revision in the forecast of the macro-variables for the period. The Bank also announced a new reduction in the monetary policy rate, taking it to 3.0% (it was at 3.5%). In its diagnosis of the first half of the year, the Bank indicates that production decelerated, in part due to supply shocks (Intel´s closing its manufacturing operations and the eff...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report 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 report 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 report or its contents.