Costa Rica: The Central Bank´s Macroeconomic Program

CENTRAL AMERICA - Report 08 Jan 2016 by Francisco de Paula Gutiérrez and Felix Delgado

On January 5, the Central Bank of Costa Rica announced its Macroeconomic Program for 2016-2017. The Bank reaffirmed its long-term goal of keeping inflation at the average level of the country´s main trading partners. Taking advantage of the recent evolution of inflation, which closed the year in negative territory, the Bank reduced the central level of its inflation target range from 4.0% to 3.0%, keeping the amplitude of the range in ±1.0 p.p.

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