There are division and the debate is hot. The petition from the industrial sector to lower the main interest rate in order to reactivate the economy has its supporters and dissidents.
Representatives from the private sector believe that it is time to make an adjustment. Experts and professionals from Banquat say that inflationary pressure should be consider before acting out.
Industrial companies estimate that if the reference rate was to drop there would be an expansion of credit to the private sector, which on November 13 showed an interannual increase of 12.6%, way below the 28% for the same period in 2007.
Key economic indicators show less economic deterioration than other countries of the region.
An article in Prensa Libre published comments by two Guatemalan economists, Mario Cuevas and Carlos González Arévalo. The former is president of the Center for Economic Investigations (CIEN), while the latter represents the Association for Social Studies and Investigations.
The Monetary Board reduced the prime interest rate by .025 percentage points.
Prensalibre.com reports: "The decision was due, among other things, to the drop in the oil and food prices, as well as the forecast of recession in the world's largest economies, according to explanations at a press conference yesterday afternoon by the president of the Bank of Guatemala, Maria Antonieta Del Cid de Bonilla."
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