Guatemala: Reference Rate Lowered to 4.75%

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%.

Thursday, March 27, 2014

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.

From a press release issued by the Bank of Guatemala:

"The Monetary Board, at its meeting held today, decided to reduce the leading monetary policy interest rate from 5.00% to 4.75%, based on a comprehensive analysis of the external and internal situation, having been made aware of the Balance of Inflation Risks.

The Monetary Board, in the external sphere, believes that the global economy continues to recover, particularly in advanced economies. It also took into account that international prices of raw materials which affect inflation in the country (oil, corn and wheat) show average price stability compared to the previous year, but some of them, notably oil, have started to increase.



More on this topic

Guatemala: Leading Interest Rate Remains at 3%

February 2016

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.

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%.

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: Leading Rate Maintained at 4.75%

May 2014

Taking into account stable macro economic variables at the national and the global level, the Bank of Guatemala has decided not to change the policy leader rate, the main reference for interest rates in the country.

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

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.

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