Leading Interest Rate in Guatemala Rises to 5.25%

Taking into account inflation expectations, the Monetary Board has increased the leading interest rate by 0.25% , going from 5% to 5.25%.

Thursday, April 25, 2013

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%.

The Monetary Board, in the external environment, believes that the world economic growth forecasts will continue to show a gradual economic recovery, although there are still risks of a backslide concentrated in advanced economies, mainly in the Euro Zone.



More on this topic

Honduras: Monetary Policy Rate Drops to 6.75%

February 2015

The Central Bank of Honduras has reduced the monetary policy rate by 0.25%, setting it at 6.75%, which has created the expectation of lower interest rates in the domestic market.

From a statement issued by Banco Central de Honduras:

The Committee on Open Market Operations (COMA) at the Central Bank of Honduras (BCH by its initials in Spanish), in regular session No.116, analyzed recent performance and prospects for the main macroeconomic and financial indicators, both nationally and internationally.

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.

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.

Guatemala's Monetary Committe leaves rates unchanged

June 2008

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.

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.

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