Costa Rica Economic Outlook Up To May

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.
The International Monetary Fund (World Economic Outlook Report, April 2017) estimates an improvement in world economic

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