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Sunday, May 22, 2022
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Experts: US Fed rate hike will affect most dollar loans in Costa Rica

The U.S. Federal Reserve (Fed) announcement Wednesday of its first interest rate increase in more than nine years is expected to affect mostly interest rates on about 87 percent of Costa Ricans and companies here that took out dollar loans.

US Fed officials emphasize gradual tightening

Federal Reserve officials stressed Thursday that policy should be tightened only gradually after U.S. interest rates are increased for the first time since 2006, with New York Fed President William C. Dudley saying the conditions for liftoff "could soon be satisfied."

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