Prime Rate in Guatemala Drops 6.5%

Starting today, the prime interest rate based on monetary policies dropped from 7 to 6.5%.

Thursday, February 26, 2009


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Lorena Álvarez writes in Elperiodico.com.gt: “It is the second monthly reduction in the rate approved by the monetary board. At the January meeting, a reduction of 0.25 points was approved. Experts from the central bank have conducted forecasts indicating that the inflation rate might close at 6.8 percent in 2009 and be at 4 percent by the end of 2010."

More on this topic

Leader Rate at 5.25% in Guatemala

June 2009

Junta Monetaria (the Monetary Board) decided to lower the leader rate of the monetary system by 0.50 basic points, dropping from 5.75% to 5.25%.

The reductions in the leader rate that the Junta Monetaria has been implementing since January 2009, a month in which the indicator was at 7.25%, still does not reflect the interest rates that the banks are charging.

Loans more Expensive in Guatemala

July 2009

Even though the reference interest rate ("tasa líder"), has dropped 1.75 percentage points so far this year, the rate for an average loan increased 0.67 points.

In January this year, the average interest rate for loans was 15.06%, raising to 15.73% by the end of June, according to data from the Banking Superintendence.

Interest Rates Keep Dropping in Costa Rica

June 2013

The central bank has lowered its policy rate from 5% to 4%, while the passive base rate has dropped from 6.65% to 6.60%.

"The board of directors has observed a trend that reflects the absence of demand pressures, as evidenced by the decline in the pace of economic growth, according to a recent evolution of the Monthly Index of Economic Activity (MIEA).

Guatemala: Leading Rate Decreases to 6.25%

March 2009

The Monetary Board (JM) decreased the leading interest rate by 0.25 basis points, placing the indicator at 6.25%.

According to Sigloxxi.com, "One of the reasons for the adjustment, said the chairman of the Board and the Bank of Guatemala (Banguat), Maria Antonieta de Bonilla, is that inflation over the past three months was lower than expected.

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