Costa Rica: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Third Review Under the Resilience and Sustainability Facility Arrangement, and Monetary Policy Consultation Clause
Electronic Access:
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Summary:
Recent developments and outlook. Growth accelerated to 5.1 percent in 2023 and is projected to remain robust at 4 percent in 2024. Inflation (year-on-year) has stayed negative since mid-2023, triggering Board Consultation under the Monetary Policy Consultation Clause. However, as base effects drop out of the year-on-year calculation, headline inflation is expected to return to the central bank’s tolerance band (2-4 percent) by late 2024. Formal employment, private-sector wages, and poverty are all moving in the right direction.
Series:
Country Report No. 2024/166
Subject:
Central Banks Credit Economic sectors International organization International reserves Monetary policy Money Public debt Public sector
Frequency:
regular
English
Publication Date:
June 14, 2024
ISBN/ISSN:
9798400278662/1934-7685
Stock No:
1CRIEA2024001
Format:
Paper
Pages:
130
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