{"id":1540,"date":"2025-10-24T13:12:34","date_gmt":"2025-10-24T13:12:34","guid":{"rendered":"https:\/\/ics.cr\/?p=1540"},"modified":"2025-11-13T22:45:29","modified_gmt":"2025-11-13T22:45:29","slug":"central-bank-keeps-its-key-rate-at-35-p-a","status":"publish","type":"post","link":"https:\/\/ics.cr\/en\/banco-central-mantiene-su-tasa-clave-en-35-anual\/","title":{"rendered":"Central Bank maintains its key rate at 3.5% per annum"},"content":{"rendered":"

The Central Bank of Costa Rica decided to maintain the Monetary Policy Rate at 3.5% per annum\r\n \r\n \r\n \r\n \r\n \r\n \r\n <\/g>\r\n <\/g>\r\n <\/g>\r\n <\/g><\/svg><\/span><\/a>, reaffirming its commitment to price stability and prudent policy.<\/p>\n

According to the statement, September year-on-year inflation was -1.01GDP3T, while underlying indicators were only 0.21GDP3T, both below the target range.<\/p>\n

Projections indicate that the inflation to remain negative until early 2026<\/strong>, The impact of the climate shock at the end of last year, and not because of monetary policy.<\/p>\n

On the other hand, economic activity is showing signs of acceleration, with an increase in growth of the Monthly Index of Economic Activity of 4.8% in August<\/strong>.<\/p>\n

The Central Bank also highlighted the reduction in unemployment and the increase in real wages, although with lower labor participation due to demographic and family factors.<\/p>\n

Finally, the Board of Directors considered that the current level of the rate is consistent with a neutral monetary stance and will continue to transmit the effects of previous reductions in financial system rates.<\/p>\n