Guatemala: Leader Rate Remains at 2.75%

Citing congruence between the recent figures on remittances and economic growth with those estimated for this year, the Banco de Guatemala has decided to keep the monetary policy rate unchanged.

Friday, April 27, 2018

From a statement issued by the Bank of Guatemala:

Guatemala, April 26, 2018. The Monetary Board, in its session held on April 25, based on a comprehensive analysis of the external and internal economic situation, after having seen the Balance of Inflation Risks, decided to maintain the level of the leader monetary policy interest rate at 2.75%.  

The Monetary Board, in the external environment, considered that the most recent projections of global economic growth continue to show an improvement for 2018 as well as for 2019, although downside risks persist. Likewise, it took into account that the forecasts for the international oil price for 2018 and for 2019, in the central scenario, remain at levels higher than those observed the previous year. 

Read full statement issued (in Spanish).

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More on this topic

Leading Rate Remains at 2.75%

April 2019

For the Banco de Guatemala the behavior of several short term indicators follows the prognosis, the institution decided to keep the monetary policy rate without changes.

From the Banco de Guatemala press release:

Guatemala, April 25, 2019. The Monetary Board, in its session held on April 24, 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%.

Stable Economic Expectations

September 2018

Arguing that the behavior of the main indicators of the local economy are consistent with those expected, Banco de Guatemala has decided to maintain the monetary policy rate at 2.75%.

From a statement issued by the Bank of Guatemala:

Guatemala, September 27, 2018. The Monetary Board, in its session held on September 26, based on a comprehensive analysis of the external and internal economic situation, after evaluating the Balance of Inflation Risks, decided to maintain the level of the leading monetary policy interest rate at 2.75%.  

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%.

Guatemala: Leader Rate Drops to 2.75%

November 2017

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%.

From a statement issued by the Bank of Guatemala: 

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