Guatemala: Lider Rate Drops to 3%

Due to the slow global economic recovery and the downward trend of inflation in the country, the Bank of Guatemala has decided to reduce the monetary policy rate from 3.25% to 3%.

Thursday, October 1, 2015

From a statement issued by the Bank of Guatemala:

The Monetary Board, based on a comprehensive analysis of the external and internal situation, after having seen the Inflation Risks Balance, has decided to reduce the level of the leading monetary policy interest rate from 3.25 to 3.0% .

The Monetary Board, in the external environment, said that the recovery in global economic activity remains at a moderate pace, in a context of downside risks. It also took into account the fact that international commodity prices affecting inflation in Guatemala (oil, yellow corn and wheat), continue to post lower than those observed in the past two years levels.



More on this topic

Brake to Monetary Policy Rate Reduction

November 2019

After lowering the rate six times between January and October of this year, in its last review the Central Bank of Costa Rica decided to maintain it at 3.25%, because the inflationary rate registers a significant slowdown.

The last reduction made to the Monetary Policy Rate (MPR) was at the end of October, when the Central Bank of Costa Rica (BCCR) reduced it from 3.75% to 3.25%, arguing that the reduction would support the incipient economic recovery process shown by production indicators.

Guatemala: Lider Rate Stays at 3%

April 2016

Despite noting that there are still some risks associated with global economic recovery, the Bank of Guatemala has decided to keep the monetary policy rate unchanged.

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 studying the Inflation Risks Balance, has decided to keep the level of the leading monetary policy interest rate at 3.00% .

Guatemala: Lider Rate Drops to 3.5%

February 2015

A slowdown in the domestic economy and slow recovery of the external sector has led the Bank of Guatemala to reduce the monetary policy rate from 4% to 3.5% .

From a statement issued by the Bank of Guatemala (BANGUAT):

The Monetary Board, based on a comprehensive analysis of the external and internal situation, after having heard of the Inflation Risks Balance, has decided to reduce the level of leading monetary policy interest rate from 4% to 3.5% .

Guatemala: Leader Rate Drops to 5%

October 2013

The Monetary Board, at its meeting on October 30, decided to reduce the level of the leading interest monetary policy rate from 5.25% to 5%.

From a press release issued by the Bank of Guatemala (Banguat):

The Monetary Board, at its meeting today, decided to reduce the level of the leading monetary policy interest rate by 25 base points from 5.25% to 5.00%, based on a comprehensive analysis of the external and internal environment, after reviewing the inflation risks balance.

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