Guatemala: Leading Interest Rate Remains at 3%

The decision was made in response to economic activity, family remittances and credit to the private sector showing dynamism, and the fact that inflation remains within the target.

Thursday, February 25, 2016

From a statement issued by the Bank of Guatemala:

The Monetary Board (MB), based on a comprehensive analysis of the external and internal situation, after reviewing the Inflation Risks Balance, decided to keep the level of the leading monetary policy interest rate at 3%.

Internationally, it was considered that the recovery in world economic growth would continue moderately with downside risks. It was also taken into account that international prices of the main raw materials affecting inflation in the country, especially oil, remain at historically low levels.

Domestically, the MB stressed that the performance of economic activity continues to be dynamic, which is reflected, among others things, in the evolution of IMAE, family remittances and bank credit to the private sector.



More on this topic

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 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%.

Guatemala: Leader Rate Stays at 4.75%

May 2014

The Bank of Guatemala is keeping at the same level its leading policy rate, which is the main reference for interest rates in the country.

From a statement issued by the Bank of Guatemala:

The Monetary Board, at its meeting held today, decided to keep the leading monetary policy interest rate at 4.75%, based on a comprehensive analysis of the external and internal situation, having been made aware of the Balance of Inflation Risks.

Guatemala: Reference Rate Lowered to 4.75%

March 2014

The Bank of Guatemala has lowered the leading policy rate, the reference for interest rates in the domestic financial system, from 5% to 4.75%.

The Monetary Board decided to lower the leading policy rate by 0.25 percentage points based on the external and internal economy, seeing a recovery in global economic activity.

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