Guatemala: Central Bank Maintains Interest Rate
The Monetary Board has maintained the leading interest rate for monetary policy at 5.5%.
Thursday, February 16, 2012
At its meeting held on February 15th , 2012, the Monetary Board decided unanimously to maintain the level of the monetary policy leading interest rate at 5.50%, based on a comprehensive analysis of economic and financial events, internally and externally, after having been informed about the Inflation Risks Balance, as well as the results of the first implementation in 2012 of the semi-structural Macroeconomic Model and the orientation of the indicative variables of monetary policy, according to a press release by Banguat.
The Monetary Board believes that there are now conditions, limited and temporary, to reduce the monetary policy leading interest rate.
Taking into account stable macro economic variables at the national and the global level, the Bank of Guatemala has decided not to change the policy leader rate, the main reference for interest rates in the country.
The Monetary Board has raised the leading interest rate from 5% to 5.50% from today, September 29, 2011.
The Monetary Board, at its meeting on March 19, decided to keep the level of its monetary policy leader interest rate at 5.00%.
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