Economy & Business - February 2011 (ISSN 1741-7430)

COSTA RICA: Mixed messages from central bank

Central America & Caribbean 23 February 2011 Modified: 23 February 2011 434 views

On 15 February the central bank raised interest rates. This is the first time that the bank has raised rates since October 2010. Yet, the previous day the bank sold dollars to prevent the Colón falling below the C$500 to the dollar level.

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