Costa Rica central bank holds key rate steady at 3.25%

Created at 7 Jun · 12:32 UTC1 source↑ Market-relevant

IN SHORT

The Central Bank of Costa Rica (BCCR) unanimously decided to maintain its monetary policy rate at 3.25%. Persistent global uncertainties, particularly concerning the Middle East conflict and oil prices, influenced the decision. Inflation is forecast to return to positive territory in H2 2026.

Key Numbers

3.25%monetary policy rate

H2 2026inflation returns to positive territory

2.0%-4.0%inflation tolerance band

Who's Involved

BCCR

Costa Rica's central bank

↳ Why This Matters

The BCCR's decision to hold rates steady reflects a cautious approach to managing domestic inflation amidst global economic volatility, potentially impacting borrowing costs and economic activity in Costa Rica.

Key facts

BCCR maintained its monetary policy rate at 3.25%.
The decision was unanimous.
International uncertainties regarding the Middle East conflict and oil prices persist.
Higher oil prices are expected to impact domestic prices from May.
Inflation is forecast to return to positive territory in H2 2026.

The Central Bank of Costa Rica (BCCR) has unanimously decided to keep its monetary policy rate (MPR) unchanged at 3.25%. The decision comes amid persistent global uncertainties, particularly concerning the duration and impact of the Middle East conflict and its potential effects on oil prices. The BCCR anticipates that the influence of elevated oil prices will begin to manifest in domestic price levels starting in May. Looking ahead, the bank forecasts that inflation will re-enter positive territory in the second half of 2026, gradually approaching the target tolerance band of 2.0% to 4.0% by the end of that year. Given the prevailing external uncertainties, the BCCR is likely to maintain its key interest rate at its current level for the next few months.

FREQUENTLY ASKED

The BCCR unanimously decided to hold its monetary policy rate at 3.25%.

The decision was influenced by persistent international uncertainties, including the Middle East conflict and higher oil prices.

The BCCR forecasts inflation returning to positive territory in the second half of 2026.

Key facts

BCCR maintained its monetary policy rate at 3.25%.

The decision was unanimous.

International uncertainties regarding the Middle East conflict and oil prices persist.

Higher oil prices are expected to impact domestic prices from May.

Inflation is forecast to return to positive territory in H2 2026.

Costa Rica central bank holds key rate steady at 3.25%

PiQ Daily

Key facts

Costa Rica central bank holds key rate steady at 3.25%

PiQ Daily

Key facts

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