construction Cámara Hondureña de la Industria de la Construcción Infraestructure & Construction Infrastructure and Construction Construction slowdown Central Bank of Honduras Alejandro Álvarez construction sector Banking Employment Real Estate Cement price Economics Fondo Vial (Honduras) Francisco Zelaya

Increase in Interest Rates Affecting Construction Sector

The Honduran Chamber of Construction Industry regrets the increase in bank interest rates resulting from the new monetary policy prepared by the Central Bank of Honduras.

Tuesday, August 28, 2012

The president of the Honduran Chamber of Construction Industry (Chico), Alejandro Alvarez, said the rise in interest rates for the end user, which are above 17%, has generated a retraction in the industry "... as a result many people are returning their payments and premiums ... can not afford the monthly payments ..."

The businessman added that if no action is taken may not Logar sector growth this year.

"In light of this situation, the government has been asked to form a trust through the Honduran Bank for Production and Housing (Banhprovi), to revive the construction industry.", Noted an article in Latribuna.hn

Source: latribuna.hn

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Key entities

Cámara Hondureña de la Industria de la Construcción Central Bank of Honduras Alejandro Álvarez

Countries

Honduras

Insight

Interest rate interest rates construction Reserve requirements Construction slowdown construction sector Banking Infrastructure and Construction Infrastructure & Construction Real Estate