{"id":465,"date":"2024-03-27T14:03:00","date_gmt":"2024-03-27T14:03:00","guid":{"rendered":"https:\/\/ics.cr\/?p=465"},"modified":"2024-09-16T14:04:26","modified_gmt":"2024-09-16T14:04:26","slug":"board-of-directors-of-the-central-bank-of-costa-rica-reduces-monetary-policy-rate-by-50-basis-points-to-525-per-annum","status":"publish","type":"post","link":"https:\/\/ics.cr\/en\/junta-directiva-del-banco-central-de-costa-rica-reduce-la-tasa-politica-monetaria-en-50-puntos-base-y-la-ubica-en-525-anual\/","title":{"rendered":"Board of Directors of the Central Bank of Costa Rica reduces the Monetary Policy Rate by 50 basis points and places it at 5.25% per annum."},"content":{"rendered":"<p>Last week, the Board of Directors of the Central Bank of Costa Rica (BCCR) unanimously agreed to reduce the Monetary Policy Rate (TPM) by 50 basis points to 5.25% per annum.<\/p>\n\n\n\n<p>In order to decide the level of the TPM, the Central Bank evaluates the recent behavior and trajectory of inflation forecasts and its macroeconomic determinants. The decision also considers the analysis of the economic situation, as well as the risks it identifies, whether internal or external, whose materialization would deviate inflation from its central projection.<\/p>\n\n\n\n<p>The decrease in external prices has also been a determining factor in the evolution of the Manufacturing Producer Price Index, which fell 4.7% in February. This anticipates lower cost-push pressure on final consumer inflation indicators.<\/p>\n\n\n\n<p>Finally, deflation has been more persistent than expected; however, the Central Bank estimates that the return to positive values for inflation will begin in the second half of 2024, and that the entry into the tolerance range will occur at the beginning of 2025.<\/p>\n<style>\r\n.lwrp.link-whisper-related-posts{\r\n            \r\n            margin-top: 40px;\nmargin-bottom: 30px;\r\n        }\r\n        .lwrp .lwrp-title{\r\n            \r\n            \r\n        }.lwrp .lwrp-description{\r\n            \r\n            \r\n\r\n        }\r\n        .lwrp .lwrp-list-container{\r\n        }\r\n        .lwrp .lwrp-list-multi-container{\r\n            display: flex;\r\n        }\r\n        .lwrp .lwrp-list-double{\r\n            width: 48%;\r\n        }\r\n        .lwrp .lwrp-list-triple{\r\n            width: 32%;\r\n        }\r\n        .lwrp .lwrp-list-row-container{\r\n            display: flex;\r\n            justify-content: space-between;\r\n        }\r\n        .lwrp .lwrp-list-row-container .lwrp-list-item{\r\n            width: calc(25% - 20px);\r\n        }\r\n        .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){\r\n            \r\n            \r\n        }\r\n        .lwrp .lwrp-list-item img{\r\n            max-width: 100%;\r\n            height: auto;\r\n            object-fit: cover;\r\n            aspect-ratio: 1 \/ 1;\r\n        }\r\n        .lwrp .lwrp-list-item.lwrp-empty-list-item{\r\n            background: initial !important;\r\n        }\r\n        .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,\r\n        .lwrp .lwrp-list-item .lwrp-list-no-posts-message{\r\n            \r\n            \r\n            \r\n            \r\n        }@media screen and (max-width: 480px) {\r\n            .lwrp.link-whisper-related-posts{\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-title{\r\n                \r\n                \r\n            }.lwrp .lwrp-description{\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-list-multi-container{\r\n                flex-direction: column;\r\n            }\r\n            .lwrp .lwrp-list-multi-container ul.lwrp-list{\r\n                margin-top: 0px;\r\n                margin-bottom: 0px;\r\n                padding-top: 0px;\r\n                padding-bottom: 0px;\r\n            }\r\n            .lwrp .lwrp-list-double,\r\n            .lwrp .lwrp-list-triple{\r\n                width: 100%;\r\n            }\r\n            .lwrp .lwrp-list-row-container{\r\n                justify-content: initial;\r\n                flex-direction: column;\r\n            }\r\n            .lwrp .lwrp-list-row-container .lwrp-list-item{\r\n                width: 100%;\r\n            }\r\n            .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,\r\n            .lwrp .lwrp-list-item .lwrp-list-no-posts-message{\r\n                \r\n                \r\n                \r\n                \r\n            };\r\n        }<\/style>\r\n<div id=\"link-whisper-related-posts-widget\" class=\"link-whisper-related-posts lwrp\">\r\n            <h2 class=\"lwrp-title\">Related Posts<\/h2>    \r\n        <div class=\"lwrp-list-container\">\r\n                                            <div class=\"lwrp-list-multi-container\">\r\n                    <ul class=\"lwrp-list lwrp-list-double lwrp-list-left\">\r\n                        <li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/executive-presents-bill-for-cryptoasset-service-providers-in-the-country-to-report-information-to-the-tax-authorities\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Executive branch presents project to require crypto-asset service providers in the country to report information to the Treasury:<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/consensus-in-the-legislature-to-migrate-to-a-global-dual-income-tax\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Consensus in the Legislative Assembly: migration to a global and dual income tax is needed<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/employment-generation-paused-in-last-three-months-of-2024\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Employment generation paused in the last three months of 2024<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/legal-services\/corporate-law\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Corporate Law<\/span><\/a><\/li>                    <\/ul>\r\n                    <ul class=\"lwrp-list lwrp-list-double lwrp-list-right\">\r\n                        <li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/law-to-facilitate-the-regularization-of-tax-status-in-support-of-formality-and-economic-reactivation-enters-into-force\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Law to facilitate the regularization of tax status in support of formality and economic reactivation enters into force<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/of-fiscal-interest-but-not-a-taxpayer\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Of fiscal interest but not taxpayer<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/revive-liquidated-companies-new-law\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Reviving liquidated companies. New law.<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/amendments-to-the-joint-resolution-of-general-scope-for-the-registration-of-transparency-and-beneficial-owners-are-published\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Modifications to the General Scope Joint Resolution for the Transparency and Beneficial Ownership Registry are published.<\/span><\/a><\/li>                    <\/ul>\r\n                <\/div>\r\n                        <\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>La semana pasada la Junta Directiva del Banco Central de Costa Rica (BCCR) acord\u00f3 de manera un\u00e1nime reducir la Tasa de Pol\u00edtica Monetaria (TPM), en 50 puntos base, para ubicarla en un 5,25% anual. Para decidir el nivel de la TPM, el Banco Central eval\u00faa el comportamiento reciente y la trayectoria de los pron\u00f3sticos de [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-465","post","type-post","status-publish","format-standard","hentry","category-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts\/465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/comments?post=465"}],"version-history":[{"count":1,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts\/465\/revisions"}],"predecessor-version":[{"id":466,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts\/465\/revisions\/466"}],"wp:attachment":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/media?parent=465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/categories?post=465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/tags?post=465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}