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PB2024-022 CBCS keeps the pledging rate unchanged

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Consistent with global market expectations
CBCS keeps the pledging rate unchanged

Willemstad/Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS) decided to maintain its current monetary policy unchanged. Hence, the pledging rate will remain at 5.75%. This decision is based on the Federal Reserve’s (Fed) decision to leave its target policy rate unchanged until more confidence is gained that inflation is moving sustainably toward its 2% target. In addition, although the import coverage, which is the main operational target of the monetary policy conducted by the CBCS, is expected to drop slightly to 4.6 months in 2024, it will remain well above the norm of 3 months. Despite persistent uncertainties, changes in monetary policy indicators are likely to have limited near-term effects.

Last updated: 10.07.2024 17:07