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Costa Rican bank chief aims to keep steady hand on helm

Wednesday, June 16, 2010

An economy that shows signs of recovery, and a transitional exchange mechanism, are the inheritances of Rodrigo Bolaños, who enters a second term as governor or Costa Rica’s central bank, now with a new government in power.

“The major challenge is to achieve consolidation of the inflation targets and a floating exchange rate, said Bolaños.

Bolaños said that the exchange-rate bands are only part of a learning process for managed flotation of the currency. However, he refused to say when the eventual mechanism will be implemented.

Original source (in Spanish): La República