Monday 27 September 2021

New Measures to Control Rise In Dollar Exchange

Paying the bills

Latest

Bianca, Mick Jagger’s first wife: “Nicaraguan by grace of God”

QCOSTARICA - Bianca Jagger, who was the first wife...

Train Yourself to Stay Calm Under Pressure

Do you know anyone who handles stress really well?...

Alunasa, a Venezuelan state company in Costa Rica, leaves employees without salary

QCOSTARICA - The Venezuela state-owned company operating in Costa...

In Venezuela there is food, but expensive

Q24N - The Venezuelan economy has begun to reactivate....

Today’s Vehicle Restriction September 27: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 27, vehicles with...

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this...
Paying the bills

Share

Banco Central de Costa Rica (BCCR)

The Banco Central de Costa Rica (BCCR) or Central Bank has raised the monetary policy rate, this time to 4.5%, and announced that it will hold auctions in the Monex wholesale market, in addition to reinstating electronic deposits made by the public through its platform Central Directo.

In order to encourage public deposits on its portal, the Central Ban raised interest rates. For example, for

- Advertisement -

For example, for a 180-day deposits, the gross rate went from 3.67% to 5.70%. Through this system anyone can make deposits starting from a minimum amount of ¢100,000 Colones (US $175).

From a statement issued by the Central Bank on June 7, 2017:

Following analysis and monitoring of the local and international economic situation, the Board of Directors of the Central Bank of Costa Rica in session 5772-2017 concluded that in general terms, macroeconomic indicators continue to show positive signs:

– Annual inflation in May was 1.7%, still below the lower limit of the target range of macroeconomic programming. Prospectively, its determinants anticipate that it will soon enter that range.

– Production is growing at robust rates (4% on average over the last 12 months) and labor market indicators have improved. Nevertheless, it is believed that although the recently adopted actions (in April and May last) have mitigated the risks that threaten macroeconomic stability, they still persist, therefore that the Central Bank has adopted the following measures proactively:

– Increase the monetary policy rate by 50 basis points as of June 8, 2017.

- Advertisement -

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"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 Rica has the lowest inflation in the region

QCOSTARICA - Costa Rica registered the lowest inflation in the Central...

The sacrifices of Nicaraguans abroad fuel increased remittances

Q REPORTS - Mildred Duarte, 31, is exhausted. She wishes she...

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.