Macroeconomic Forecast Costa Rica

BMI View: Inflation continued to moderate in January 2012, coming in at 4.2% y-o-y, down from 4.7% in December 2011. We believe inflation will remain relatively stable in 2012, in line with our end-year forecast of 4.8%, as demand side pressures will remain modest, though further weakness in Costa Rican colón could keep inflation closer to the upper limit of the central bank's target band of 3%-5% for 2012.

To read the full article, please choose one of the following options: