Costa Rican central bank cuts rates for third time since March

Government supports efforts to stimulate credit by ‘cleaning’ credit records of 60,000 Costa Ricans

The Central Bank of Costa Rica
Rachael King

The Central Bank of Costa Rica continued its rapid recent loosening when it lowered its policy rate on June 19, for the third time since March.

The central bank reduced its short-term rate by 25 basis points to 4.5%, saying it aimed to stimulate the economy’s slowing growth.  

The Costa Rican government is also seeking to increase growth rates. It has introduced several expansionary measures, including cleaning the credit history of some Costa Ricans.

Costa Rica’s average growth for the first

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