Guatemala: Leader Rate Drops to 4.5%

The Central Bank approved a reduction of 0.25 basis points in the leader rate, setting it in 4.5%.

Thursday, September 17, 2009

The Private Enterprise was looking for a reduction of 0.50 basis points, arguing there is no inflationary pressures right now.

María Antonieta de Bonilla, President of the Central Bank of Guatemala (Banguat), commented that the reduction of the rate "... is in response to an observed reduction in inflation, and a decreasing trend in consumer prices projections, forecasts and expectations".

More on this topic

Basic Rate Drops to 9.75% in Costa Rica

October 2009

After a reduction of one percentage point, the Leader Rate stands now at 9.75%.

It was lowered 1.75 percentage points, and its current level is the lowest since October 2008.

Esteban Ramírez wrote in "In the past weeks, the financial system began paying lower interest rates, which finally found their way to the Basic Rate".

Interest Rates Unresponsive to Banguat's Measures

October 2009

Banking interest rates keep increasing, despite strong reductions in the Leader Rate by the Central Bank of Guatemala.

The Central Bank of Guatemala (Banguat) has reduced its Leader Rate for monetary policy 37.8% in the past 19 months. However, in the same period interest rates have increased 18.9%.

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.

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, "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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