Central Bank of Costa Rica accelerates tightening cycle

The Central Bank of Costa Rica
The Central Bank of Costa Rica
Rachael King

The Central Bank of Costa Rica hiked its main rate by 75 basis points on March 14, a faster pace of tightening that reflects growing concerns over inflation.

The hike is the third in a row, and takes the policy rate to 2.5%. The previous two hikes were both of 50bp.

Policy-makers said rising inflationary pressures in Costa Rica were largely due to higher import costs. Global prices had already been rising because of supply-chain shortages, and Russia’s invasion of Ukraine is now likely to add

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