Guatemala: Leader Rate Drops to 2.75%

In the context of a slowdown in bank credit to the private sector and public spending, Banco de Guatemala decided to reduce the level of the leading interest rate from 3% to 2.75%.

Thursday, November 30, 2017

From a statement issued by the Bank of Guatemala: 

The Monetary Board, based on a comprehensive analysis of the external and internal economic situation, after having seen the Balance of Inflation Risks, decided to reduce the level of the leading monetary policy interest rate from 3.00% to 2.75%. 

The Monetary Board, in the external environment, considered that the most recent projections for global economic growth continue to reflect better prospects, both for 2017 and 2018, although downside risks prevail. Likewise, it took into account the fact that forecasts of the prices of the main raw materials remain stable, at still low levels. 

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More on this topic

Guatemala: Leading Rate Begins 2020 at 2.75%

February 2020

Arguing that the main economic indicators show a stable behavior, the Central Bank decided at the beginning of the year to maintain the level of the leading interest rate of the monetary policy at 2.75%.

From the Bank of Guatemala's statement:

February 20th, 2020. The Monetary Board, in its session celebrated on February 19, based on the integral analysis of the external and internal economic situation, after evaluating the Inflation Risks Balance, decided to keep the level of the leading interest rate of the monetary policy at 2.75%.

Macroeconomic Stability and the Leading Rate

June 2019

For the third time, in this year, the Banco de Guatemala confirmed that it decided to keep the monetary policy rate at 2.75%, since the short term indicators of the economic activity show a dynamism that adjusts to the expected.

From the Banco de Guatemala press release:

Leading Rate Begins 2019 with No Changes

February 2019

Banco de Guatemala decided to keep the monetary policy rate at 2.75%, arguing that several short-term indicators of the economic activity show a dynamism congruent with the projected range of economic growth.

Other reasons to keep the leading rate without variants is that the prognosis and inflation expectations, for 2019 as well as for 2020, are located within the tolerance limit of the goal (4% +/- 1%), according to the Banco de Guatemala.

Guatemala: Leader Rate Stays at 2.75%

August 2018

Arguing that the behavior of the main indicators of the local economy and the current growth conditions are congruent, Banco de Guatemala has decided to keep the monetary policy rate as it is.

Banco de Guatemala reported that based on a comprehensive analysis of the external and internal economic situation, after evaluating the Inflation Risks Balance, it has decided to maintain the level of the leading interest monetary policy rate at 2.75%.

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