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

Costa Rica: Monetary Policy Rate Rises to 5%

February 2018

Claiming that in the last few months inflation expectations have increased, the Central Bank has raised the monetary policy rate from 4.75% to 5%, from February 1st.

The Central Bank argues that the price of oil has maintained a bullish behavior since July 2017. This situation, with a backlog, is transferring to the local price of fuels, with a potential transmission in the coming months towards other prices.

Guatemala: Leader Rate Drops to 4.5%

June 2014

The Monetary Board, at its meeting on June 25, decided to lower the monetary policy leader rate from 4.75% to 4.50%

Among the arguments given by the authorities of the Central Bank of Guatemala were "... the behavior of the price of raw materials such as corn and wheat products which are holding a downward trend ... and the rising oil price."

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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