Guatemala's Monetary Committe leaves rates unchanged

Guatemala's Monteary Committe kept the leading seven-day interest rate at 6.75 percent. the rate is one of the government's tools to control prices.

Friday, June 20, 2008

Maria Antonieta Del Cid de Bonilla, present of the Bank of Guatemala (Banguat) and of the Monteray Committee, said during a press conference that the decision was made unanimously.
The Banguat has taken liquidity out of the market and by so doing it has reduced the monetary issues with the goal of preventing a major increase in prices.
One of the main factors in the decision was the slower credit being lent by the private banks.

More on this topic

Leading Rate in Guatemala Remains at 5.25%

August 2013

The Monetary Board, at its meeting on July 31, decided to keep the level of the monetary policy leading interest rate at 5.25%.  

From a press release by the Bank of Guatemala:

The Monetary Board in its meeting today decided to keep the level of the monetary policy leading interest rate at 5.25%, based on comprehensive analysis of the external and internal situation, after finding out about the Balance 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%.

Honduras announces changes for operations in US dollars

January 2009

The Central Bank announced that it will temporarily suspend all liquid operation in dollars in the banking system.

Latribuna.hn reports: "The purpose of the measures is to alleviate pressure on the short term markets for financing in US dollars.

This was announced yesterday by the president of the Bank, Edwin Araque, who said that they have reduced the monetary policy rate from 9 to 6.75 points."

Honduras' Central Bank raises interest rates to 8.5%

June 2008

The Central Bank of Honduras, battling inflation, felt obliged to increase its leading interest rate by 0.5 percent to 8.5.

The goal is to make the currency more attractive for institutional investors and to compete with other financial institutions.
The Monetary Policy Rate fixes the trend of other interest rates in the financial market, but it also increases interest rates being paid to banks by Honduran borrowers.

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