American Expatriate Costa Rica

The American interest rates increase shouldn’t affect the Costa Rican economy

Luis Diego Herrera, an economist at Acobo, the 0.25%-point increase in interest rates announced by the US Federal Reserve (FED) was already expected by investors. As consequence, this increase shouldn’t have negative repercussions or an immediate effect for the Costa Rican economy.

On the other hand, this increase in interest rates points out that the US macroeconomic indicators are meeting the objectives set by the entity, which has allowed an improvement in the US economy.

This directly benefits the international economy due to the great influence of the North American country in the world, including Costa Rica, giving an extra boost to economic growth,

declared Herrera.

It is expected that the FED will continue with a gradual increase in interest rates.

crhoy.com