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Global markets give break to Costa Rica

Friday, October 31, 2014


 

Costa Rica's economy was headed towards high inflation, low growth and a rise in interest rates, but the global markets have given the country's economy a break, Costa Rican daily La República reported.

Interest rates in the U.S. will not be raised in the short term as expected, after the Federal Reserve ended its stimulus measures this week and the U.S. economy grew 3.5 percent in the third quarter.

These and other external factors will allow the Costa Rican government plan moves such as take advantage of low interest rates in order to issue Eurobonds without the pressure of imminent interest rate hikes.

Full story (in Spanish)