Central Bank of Costa Rica
Costa Rica continues tightening with 100bp increase
Central bank cites concerns about rising inflation expectations and second-round effects
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers during the past three months
Taking a cue from the top: governor turnover and independence
Central bank governors tend to have long tenures, but what that means can vary. High turnover remains a worrisome signal
Costa Rica makes largest hike since 2010
Central bank predicts that inflation will not reach its target range until 2024.
Costa Rican central bank raises rates to highest level since 2011
Board also orders increase in reserve requirements from July as inflation remains over target
The Central Banking Awards 2022 virtual ceremony
View the trophy presentations and acceptance comments from the winners of the ninth annual Central Banking Awards
Costa Rican authorities tell president reserves are sufficient
Chaves had complained of “very few reserves” at Davos
Costa Rican president-elect names next governor
Róger Madrigal López will lead central bank once new administration takes office on May 8
Costa Rica increases pace of monetary tightening
Central bank hikes rates by 150bp as core and headline inflation continue to rise
Central Banking Awards 2022: the winners in full
Recipients of the 2022 awards include Stanley Fischer, the Bank of Korea, Mario Marcel and many more
Central Banking Awards 2022: third group revealed
Awards recognise payments, currency, regulatory technology and financial market infrastructure
Currency manager: Central Bank of Costa Rica
New banknotes and coins combine environmental protection, aesthetics and security
Central Bank of Costa Rica accelerates tightening cycle
Larger rate hike comes as invasion of Ukraine adds to existing inflationary pressures
Costa Rica orders second consecutive rate hike
Inflation remains within target band but risks “lean to the upside”, board says
Costa Rica raises rates for first time in three years
Central bank raises policy rate by 50 basis points as Latin America faces rising inflation
People: IMF deputy managing director to leave
Mitsuhiro Furusawa to depart IMF; Brazil and Costa Rica nominate board members; and more
Cubero calls for expanded IMF role
Costa Rica governor endorses Resilience and Stability Trust proposal
Recipe for a chief (fin)tech officer
Private-sector experience, a knowledge of supervision and a zest for innovation are key ingredients
CBDC: the case for ‘wait and see’
Despite growing interest, some central banks are staying out of the digital currency game
People: Central Bank of Brazil deputy governor resigns
Jens Weidmann gets new term at BIS; Rwanda appoints deputy; and more
IMF staff lay ground for $1.8 billion loan to Costa Rica
Staff set terms for three-year loan as high debt and Covid-19 take toll
Costa Rica launches new conditional lending facility
Banks can receive funding on the condition they submit lending plans to the central bank
Costa Rica to issue first polymer banknotes
Central bank will retain size and colour of existing notes to smooth transition to new substrate
Costa Rica cuts rates to lowest level in over 10 years
Covid-19 has accelerated a disinflationary trend, central bank says