Costa Rica orders second consecutive rate hike
Inflation remains within target band but risks “lean to the upside”, board says
Costa Rica’s central bank board decided to raise its monetary policy rate by 50 basis points at its January 26 meeting, despite relatively moderate inflation.
The Central Bank of Costa Rica’s board of directors said “risks around the inflation forecasts lean to the upside” in its official statement.
The increase brings the monetary policy rate to 1.75%, following a 50bp rise in December, the first since 2018.
In its press release, the central bank said that inflation remained within its
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