Guatemala Analyzes Reduction of the Prime Rate

Official sources indicated that government representatives will suggest a reduction of the official prime rate by up to 1 point.

Tuesday, February 24, 2009

Elperiodico, on its website, publishes: "The Monetary Meeting (JM, initials in Spanish) will analyze a possible reduction of the prime interest rate tomorrow in order to try to revive credit and the economy. In its meeting of January, [action by] the JM reduced the prime rate by 0.25 points, leaving it at 7 percent, a reduction considered timid by bankers and analysts."

More on this topic

Costa Rica: Monetary Policy Rate Falls Back Down

June 2015

The Central Bank of Costa Rica has put the monetary policy rate back down and from June 20 it will stand at 3.50%, after having been at 3.75% for a month.

The board of the Central Bank of Costa Rica (BCCR) took the decision to lower the reference rate, therefore maintaining the downward trend that has seen for several months. This reduction, which puts the indicator at its lowest level since 2006, comes at a time when the economy has been showing serious signs of slowing for a year.

Guatemala: Leader Rate remains at 5%

November 2013

The Monetary Board has decided to keep the monetary policy leading interest rate at 5.00%, based on a comprehensive analysis of the external and internal situation.

A statement from the Bank of Guatemala:

The Monetary Board, at its meeting held today, decided to keep the monetary policy leading interest rate at 5.00%, based on a comprehensive analysis of the external and internal situation, having reviewed the Balance of Inflation Risks.

Leading Interest Rate Rises to 5.5% in Guatemala

September 2011

The Monetary Board has raised the leading interest rate from 5% to 5.50% from today, September 29, 2011.

A press release from the Bank of Guatemala reads:

THE MONETARY BOARD RAISES THE LEADING INTEREST RATE OF THE MONETARY POLICY FROM 5.00% TO 5.50% AS OF THURSDAY 29 SEPTEMBER 2011

Prime Rate in Guatemala Drops 6.5%

February 2009

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

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.

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