Leader Rate Drops to 4.75% in Guatemala

The central bank decided to lower in 0.5 basis points the leader interest rate, going from 5.25% to 4.75%.

Thursday, July 30, 2009

'Some of the reasons for this decision are lower observed growth in inflation and lower inflation expectations' explained María Antonieta del Cid de Bonilla, Central Bank President.

Even though the reference interest rate has dropped 2.25 points so far in 2009, the average interest rate of a loan at a bank has increased 0.67 points.

More on this topic

Guatemala: Inflation 5% in 2013

September 2013

After confirmation that the leading rate will remain at 5.25%, authorities at the Bank of Guatemala forecast that inflation will end in 2013 at 5%.

This was explained by the president of the Bank of Guatemala and of the Monetary Board, Edgar Barquín.

"... Earlier this year, experts warned that the price index would remain at 4 + -1, which, if this forecast is ratified, it would mean reaching the upper limit provided by the Monetary Board".

Guatemala: Economic Bulletin March 2012

March 2012

Fundesa has released its monthly report of the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, and tax revenue.

Inflation
In February 2012 the Consumer Price Index (CPI) showed a variation of 5.17%, 0.07 percentage points lower than in February last year (5.24%).

Costa Rica's Economy to January 2011

January 2011

Stock Market company, Aldesa, published its “Economic Situation in Costa Rica”.

Monthly Economic Activity Index
The most recent estimate in the Monthly Index of Economic Activity (MIEA) for the month of October shows an average variation of 4.7%, reflecting a significant weakening of the manufacturing sector which in turn is offset by the improved performance of sectors such as agriculture , trade and transport.

Basic Rate Up 0.75% in Costa rica

July 2009

The Basic Passive Rate now stands at 12.75%, highest value recorded in 2009.

This increase would be partially in response to state banks raising savings rates.

"Since July 1st, the average interest rate for 180 days deposits paid by Banco Nacional, Banco Popular and Banco de Costa Rica raised 180 basis points, reaching 10.13%", states an article in Elfinancierocr.com.

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