Honduras' Central Bank raises interest rates to 8.5%

The Central Bank of Honduras, battling inflation, felt obliged to increase its leading interest rate by 0.5 percent to 8.5.

Friday, June 20, 2008

The goal is to make the currency more attractive for institutional investors and to compete with other financial institutions.
The Monetary Policy Rate fixes the trend of other interest rates in the financial market, but it also increases interest rates being paid to banks by Honduran borrowers.

More on this topic

Honduras: Monetary Policy Rate Drops to 6.75%

February 2015

The Central Bank of Honduras has reduced the monetary policy rate by 0.25%, setting it at 6.75%, which has created the expectation of lower interest rates in the domestic market.

From a statement issued by Banco Central de Honduras:

The Committee on Open Market Operations (COMA) at the Central Bank of Honduras (BCH by its initials in Spanish), in regular session No.116, analyzed recent performance and prospects for the main macroeconomic and financial indicators, both nationally and internationally.

Leading Rate in Guatemala Remains at 5.25%

August 2013

The Monetary Board, at its meeting on July 31, decided to keep the level of the monetary policy leading interest rate at 5.25%.  

From a press release by the Bank of Guatemala:

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

Leading Interest Rate in Guatemala Rises to 5.25%

April 2013

Taking into account inflation expectations, the Monetary Board has increased the leading interest rate by 0.25% , going from 5% to 5.25%.

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

The Monetary Board in its meeting today, after learning the balance of inflation risks, based on comprehensive analysis of the external and internal situation, has decided to raise the level of the monetary policy leading interest rate by 25 base points, going from 5.00% to 5.25%.

Guatemala's Monetary Committe leaves rates unchanged

June 2008

Guatemala's Monteary Committe kept the leading seven-day interest rate at 6.75 percent. the rate is one of the government's tools to control prices.

Maria Antonieta Del Cid de Bonilla, present of the Bank of Guatemala (Banguat) and of the Monteray Committee, said during a press conference that the decision was made unanimously.

 close (x)

Receive more news about Central Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Aug 18)
Dow Jones
-0.35%
S&P 500
-0.18%
Nasdaq
-0.09%

Commodities

(Aug 18)
Brent Crude Oil
52.530
Coffee "C"
131.70
Gold
1,287
Silver
17.01