Costa Rica

BMI View: We are concerned about the spike seen in Central America's cumulative trade deficit in recent years caused by robust domestic demand and soaring global commodity prices.... 2008-06-09

As 2007 draws to a close, Latin America looks to have chalked up another impressive year of above-trend growth, expanding on average by 4.9% according to BMI's preliminary estimates.... 2007-12-27

Our call for a one-off move in the Costa Rican colón has played out, with the Banco Central de Costa Rica 's (BCCR) decision on November 21 to shift the band within which the currency... 2007-11-29

monetary policy, comparisons with previous rate-cutting episodes in 1998 and 2001 will inevitably be made. Although it is risky to rely too much on historical parallels, it is worth... 2007-09-21

In an effort to tackle inflation and protect against external shocks, the Banco Central de Costa Rica plans to implement an inflation-targeting regime, and to replace the current... 2006-04-05

The government remains committed to its crawling peg depreciation mechanism, in order to assure the competitiveness of the export- and tourism-oriented economy. The rate of depreciation... 2005-05-12