Costa Rica holds rate, inflation still seen below target
The Central Bank of Costa Rica (BCCR) left its monetary policy rate at 0.75 percent, unchanged since June 2020 when it was last cut.
“Thus, the Central Bank continues with an expansive and countercyclical monetary policy stance, which implies low interest rates, supported by a loose aggregate liquidity,” BCCR said after releasing its policy statement on Sept. 15, the day after the board meeting on Sept. 14.
BCCR has been in a monetary easing cycle since March 2019 and has cut its rate 10 times and by a total of 4.50 percentage points since then, including three cuts last year by 2.0 percentage points.
Source: http://www.centralbanknews.info/2021/09/costa-rica-holds-rate-inflation-still.html
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