Guatemala Maintains 5% Monetary Policy Rate

The Monetary Board, at its meeting on March 19, decided to keep the level of its monetary policy leader interest rate at 5.00%.

Thursday, March 21, 2013

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

The Monetary Board in its meeting held today, decided to maintain at the level of 5% the leader monetary policy interest rate, based on comprehensive analysis of the external and internal situation, after having seen the Balance Inflation Risks .

The Monetary Board, in the external environment, considers that even though risks in global economic growth associated with the sovereign debt and financial crisis in the Euro Zone will lower, the world economic growth forecasts continue to show evidence of a gradual process economic recovery.

The Monetary Board, at the domestic level, highlighted the dynamism of the main indicators of domestic economic activity, such as the IMAE, foreign trade, remittances and bank loans to the private sector. It indicated that the behavior of inflation remains within the tolerance levels provided for. However it also noted that the forecasts and inflation expectations have increased for the relevant political horizon, which should be monitored.

The Monetary Board said it will continue to monitor the behavior and expectations of inflation forecasts and key economic indicators, both internal and external, in particular those that are a source of uncertainty, in order that, if any of the anticipated risks materialized at this time, appropriate action can be taken to prevent the inflation trajectory moving away from the inflation target in the medium term.



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%.

Guatemala: Leading Rate Remains at 2.75%

November 2019

Arguing that the economic activity and the execution of public expenditure report a behavior attached to the growth forecasts for 2019, the Central Bank decided to maintain again at 2.75% the level of the leading interest rate of the monetary policy.

From the Banco de Guatemala statement:

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.

Leading Interest Rate in Guatemala Rises to 5.25%

April 2013

Taking into account inflation expectations, the Monetary Board has increased the leading interest rate by 0.25% , going from 5% to 5.25%.

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

The Monetary Board in its meeting today, after learning the balance of inflation risks, based on comprehensive analysis of the external and internal situation, has decided to raise the level of the monetary policy leading interest rate by 25 base points, going from 5.00% to 5.25%.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 28)
Brent Crude Oil
40.33
Coffee "C"
108.4
Gold
1,898
Silver
24.330