Central Bank of Costa Rica
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
Costa Rican central bank pulled into fiscal debate
Government split on how fiscal rule should be calculated as fiscal deficit continues upward trend
Costa Rica cuts rates for fourth time since March
Central bank adds to wave of more accommodative policy stances around the world
Costa Rican banks to adopt IBAN by October
Adopting international standard will modernise payments system, central bank says
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
Costa Rica lowers reserve requirements on domestic currency
Move follows IMF recommendation to boost domestic currency use in highly dollarised economy
Costa Rican central bank backs government’s external financing plans
Move would reduce pressure on domestic rates and boost economic growth, it says
Costa Rica cuts rates further following March reversal
Central bank concerned about downside inflation risks and slow economic activity
Central Banking’s ‘Leaders’ for custody, banking and gold
Reserve managers reveal their top counterparties
Costa Rica makes about-turn on interest rates
Central bank reverses November hike as inflation concerns tip towards the downside
Technology in reserve management: Outlook for 2019
Reserve managers look to cloud for solutions, but security issues remain
Costa Rica has significantly improved inflation targeting – IMF staff
IMF report welcomes end to governors’ terms being linked to presidential elections
People: Stanley Fischer joins BlackRock in advisory role
Veteran central banker moves back to private sector; Jamaica begins search for new governor; El Salvador governor assumes presidency of regional council
Costa Rica credit rating downgraded two notches amid persistent fiscal deficit
Fitch Ratings revised rating down despite early repayment of central bank and fiscal reforms
Asset management: outlook for 2019
Monetary policy divergence, protectionism and ESG are shaping reserve managers’ approach to 2019
Costa Rican congress passes central bank-backed tax reforms
Reforms were ‘not only necessary, but urgent’, central bank says
Costa Rican central bank hikes rates over inflation fears
Government faces opposition to fiscal reforms as currency slides
Costa Rican public debt feeding into inflation expectations
The central bank says it remains “vigilant” to tensions that may compromise its inflation target