Monday 20 September 2021

Costa Rica Economic Outlook Up To May

Paying the bills


1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do...


Following the series of accusations and backlash levelled against...

Top 3 Tips for Better Online Casino Security

The gambling industry has prospered over the years and...

Today’s Vehicle Restriction September 20: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 20, vehicles with...

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...
Paying the bills


THE Q – Although the gradual process of credit dedollarization continues, the Central Bank has warned that a preference remains on the part of savers for instruments denominated in foreign currency.

From a statement issued by the Central Bank of Costa Rica (Banco Central de Costa Rica):

The Board of Directors of the Central Bank of Costa Rica, in article 12, session 5768-2017, of April 26, 2017, according to the provisions of its Organic Law and based on an analysis of the international and national economic situation, decided to increase the level of the Monetary Policy Rate (TPM) by 25 basis points (bp) to 2.50% as of April 27 of this year.

- Advertisement -

The International Monetary Fund (World Economic Outlook Report, April 2017) estimates an improvement in world economic growth in the short term (going from 3.1% in 2016 to 3.5% this year); However, a warning was given of downside risks in the medium term, while structural constraints associated with weak productivity growth and uneven distribution of world income persist, as well as uncertainty over pressures for trade protectionist policies, particularly in advanced nations.

An improvement in the level of global economic activity coupled with the effect of measures aimed at reducing the supply of oil, meant that raw material prices could leave the lows recorded at the beginning of 2016. This pushed global inflation upwards and increased the likelihood of further increases in international interest rates.   

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Costa Ricans lose hope of a low dollar

QCOSTARICA - In December, Costa Ricans expected the dollar exchange rate...

TSE rules out political party donations in cryptocurrencies

QCOSTARICA - The Tribunal Supremo de Elecciones (TSE) - Supreme Elections...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.