Guatemala: Leading Rate Decreases to 6.25%

The Monetary Board (JM) decreased the leading interest rate by 0.25 basis points, placing the indicator at 6.25%.

Thursday, March 26, 2009

According to Sigloxxi.com, "One of the reasons for the adjustment, said the chairman of the Board and the Bank of Guatemala (Banguat), Maria Antonieta de Bonilla, is that inflation over the past three months was lower than expected. Even so, it lies slightly above the tolerance margin for 2009. Prices are expected to follow a downward trend."

More on this topic

Guatemala: Leading Rate Remains at 5.25%

June 2013

After having increased in April by 0.25%, the Monetary Board of the Bank of Guatemala decided to keep the leading rate at 5.25%, with an eye on inflation control.

From a press release by the Bank of Guatemala (Banguat):

The Monetary Board in its meeting today, decided to keep the level of 5.25% for the monetary policy leading interest rate, based on comprehensive analysis of the external and internal situation, after being made aware of the Balance of Inflation Risks.

Guatemala: Leader Rate Drops to 4.5%

September 2009

The Central Bank approved a reduction of 0.25 basis points in the leader rate, setting it in 4.5%.

The Private Enterprise was looking for a reduction of 0.50 basis points, arguing there is no inflationary pressures right now.

María Antonieta de Bonilla, President of the Central Bank of Guatemala (Banguat), commented that the reduction of the rate "...

Leader Rate at 5.25% in Guatemala

June 2009

Junta Monetaria (the Monetary Board) decided to lower the leader rate of the monetary system by 0.50 basic points, dropping from 5.75% to 5.25%.

The reductions in the leader rate that the Junta Monetaria has been implementing since January 2009, a month in which the indicator was at 7.25%, still does not reflect the interest rates that the banks are charging.

Guatemala Reduces Leading Rate to 5.75%

April 2009

The Monetary Board reduced the monetary policy's leading rate by 0.5 base points, from 6.25% to 5.75%.

According to Antonieta de Bonilla, chairperson of the Monetary Board, the measure seeks to reduce the cost of bank credit.

Lorena Alvarez in her article in Elperiodico.com.gt, published statements by the chairperson: "The leading rate was reduced by 0.50 base points because inflation expectations have been reduced and it is anticipated to end this year at 5%."

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