Main interest rate remains unchanged in Guatemala
The monetary board decided yesterday to keep the main interest rate at 7.25%, despite the request from the business sector to lower it in order to revive the economy.
Thursday, December 18, 2008
How many houses are not being built and how many business projects have been stopped due to the lack of credit or the increase in interest rates? And, how many potential jobs have been lost as a result?
Several sectors of Guatemala's economy are making dire predictions about the negative effects of the Central Bank's decision to raise its benchmark interest rates as part of its anti-inflation strategy.
The Monetary Board reduced the monetary policy's leading rate by 0.5 base points, from 6.25% to 5.75%.
Guatemala's Monetary Committee has raised the benchmark interest rate half a percentage point, from 6.75 to 7.25 percent.
The Monetary Board, at its meeting on September 26, decided to keep the monetary policy leading interest rate at 5.00%.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar