Key facts
- Costa Rica's central bank maintained its monetary policy rate at 3.25%.
- Global uncertainties influenced Costa Rica's rate decision.
- Costa Rica forecasts inflation to return to positive territory in H2 2026.
- Kyrgyzstan's central bank maintained its key interest rate at 12%.
- External inflationary trends and excess domestic liquidity were cited by Kyrgyzstan's central bank.
- Mexico's central bank believes its current monetary policy rate is in neutral territory.
- Mexico's central bank acknowledged uncertainty about the precise position of the neutral band.
- Mexico's central bank noted no discernible second-order economic effects from a recent IEPS tax hike.
The Central Bank of Costa Rica (BCCR) has unanimously decided to keep its monetary policy rate unchanged at 3.25%. This decision was influenced by ongoing global uncertainties, specifically citing the conflict in the Middle East and its impact on oil prices. The BCCR forecasts that inflation will return to positive figures in the second half of 2026.
In Kyrgyzstan, the National Bank of the Kyrgyz Republic (NBKR) has also opted to maintain its key interest rate at 12%. The NBKR pointed to prevalent external inflationary trends as a key factor. The bank acknowledged the presence of excess domestic liquidity but reiterated its commitment to maintaining a tight monetary stance.