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    The Dollar Fell 17 Colones in the Past Four Months

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    The Costa Rica News (TCRN) – In the past four months, the dollar  fell 17 colones, largely eliminating the pressure that was exerted by inflation during the first months of the year.

    According to INS Securities economist, Marco Chaves, the Central Bank of Costa Rica decided to increase the policy rate twice, from 3.75% at the beginning of the year to 5.25%.

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    In March, despite more active intervention by the Central Bank of Costa Rica ( of $225 million) and in the months of April to May, the exchange rate resumed the upward trend to a more moderate pace ranging between 550 and 560 colones.

    Economist Rudolf Lucke said that according to the quarterly survey of business opinions, 73.6% claimed that the exchange rate will remain stable this quarter.

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

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