Honduras: Monetary Rate Climbs to 4%

The Central Bank of Honduras raised its Monetary Policy rate in 50 basis points, from 3.5% to 4%.

Thursday, July 16, 2009

Sources from the Bank informed that the measure looks to protect net international reserves, control exchange rate and raise savings interest rates.

LaPrensa.hn publishes in its web site: "The source added that it is necessary for banks to remove liquidity from the system; private banks have $1.558 million in immediate money availability and the ideal value should be $529 million."

More on this topic

Dominican Rep. Monetary Policy Rate Drops to 5.75%

April 2015

The Central Bank of the Dominican Republic has reduced its policy rate by 50 basis points, going from 6.25% to 5.75%.

From a statement issued by the Central Bank of the Dominican Republic:

At its monetary policy meeting in March 2015, the Central Bank of the Dominican Republic (CBDR) decided to reduce its monetary policy interest rate (MPR) by 50 basis points, going from 6.25% pa to 5.75 % per year, from April 1, 2015.

Interest Rates Keep Dropping in Costa Rica

June 2013

The central bank has lowered its policy rate from 5% to 4%, while the passive base rate has dropped from 6.65% to 6.60%.

"The board of directors has observed a trend that reflects the absence of demand pressures, as evidenced by the decline in the pace of economic growth, according to a recent evolution of the Monthly Index of Economic Activity (MIEA).

Guatemala Central Bank Maintains Interest Rate at 4.75%

July 2011

The Monetary Board has unanimously decided to not to change the monetary policy’s prime lending interest rate, keeping it at 4.75%, based on a comprehensive analysis of the internal and external situation.

In making this decision the Monetary Board took into account the following:

Costa Rican Central Bank Raises Base Interest Rate to 7.75%

September 2010

From today BCCR sets the Deposit Rate ('Tasa Básica Pasiva') rises 0.25 percentage points to 7.75%.

The interest rate hit its lowest rate in two years last week when it was set at 7.5%.

Juan Pablo Arias, writing for Nacion.com, comments that, "on 19 August, Costa Rica's Central Bank (BCCR) cut the rate used to manage monetary policy to 7.5% and also reduced rates that apply to deposits offered online via Internet".

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