Guatemala's high interest rates create uncertaiSeveral sectors of Guatemala's economy are making dire predictions about the negative effects of the Central Bank's decision to raise its benchmark interest rates as part of its anti-inflation strategy.Friday, July 25, 2008
Among the expected effects are corresponding increases in bank loan rates, less investment, more unemployment, and exchange appreciation, all of which spell more problems for the economy. Source: elperiodico.com.gt ¿Busca soluciones de inteligencia comercial para su empresa?Guatemala Maintains 5% Monetary Policy RateMarch 2013 The Monetary Board, at its meeting on March 19, decided to keep the level of its monetary policy leader interest rate at 5.00%. Base Rate Rises to 10.5% in Costa RicaSeptember 2012 Starting tomorrow, Thursday September 27, the passive base rate will increase by 25 base points and will be stand at 10.50%. Main interest rate remains unchanged in GuatemalaDecember 2008 The monetary board decided yesterday to keep the main interest rate at 7.25%, despite the request from the business sector to lower it in order to revive the economy. Guatemala's interest rates rise; benchmark rate now is 7.25%July 2008 Guatemala's Monetary Committee has raised the benchmark interest rate half a percentage point, from 6.75 to 7.25 percent.
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