From the Banco de Guatemala press release:

Guatemala, April 25, 2019. The Monetary Board, in its session held on April 24, based on the integral analysis of the external and internal economic situation, after evaluating the Inflation Risks Balance, decided to keep the level of the leading interest rate of the monetary policy at 2.75%.

The Monetary Board, in the external environment, considered that the economic growth projections worldwide, for the present year as well as for the following one, reflect a moderation in the rhythm of economic activity in the majority of the advanced economies and in some of the emerging and developing market economies, in an environment in which the downward risks and uncertainty have intensified. Additionally, it was indicated that the prognosis of the median oil price for 2019 and for 2020, continue evidencing a moderately growing tendency.

The Monetary Board, internally, highlighted that the behavior of several short-term indicators of the economic activity (the Monthly Economic Activity index, family remittances, importations, the execution of public expense, the monetary aggregates and the banking credit to the private sector) continue to show a dynamic behavior congruent with the range of economic growth estimated for the present year (between 3.0% and 3.8%). Furthermore, it was reiterated that the prognosis and inflation expectations continue to be within the tolerance margin of the established goal (4.0% +/- 1 percentage point), for 2019 as well as for 2020.

The Monetary Board declared that it will continue giving close follow up to the evolution of the main economic indicators, external as well as internal, that can affect the general level of prices and, consequently, the inflation expectations.

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More on this topic

Guatemala: Leading Rate Begins 2020 at 2.75%

February 2020

Arguing that the main economic indicators show a stable behavior, the Central Bank decided at the beginning of the year to maintain the level of the leading interest rate of the monetary policy at 2.75%.

From the Bank of Guatemala's statement:

February 20th, 2020. The Monetary Board, in its session celebrated on February 19, based on the integral analysis of the external and internal economic situation, after evaluating the Inflation Risks Balance, decided to keep the level of the leading interest rate of the monetary policy at 2.75%.

Guatemala: Leading Rate Remains at 2.75%

November 2019

Arguing that the economic activity and the execution of public expenditure report a behavior attached to the growth forecasts for 2019, the Central Bank decided to maintain again at 2.75% the level of the leading interest rate of the monetary policy.

From the Banco de Guatemala statement:

Macroeconomic Stability and the Leading Rate

June 2019

For the third time, in this year, the Banco de Guatemala confirmed that it decided to keep the monetary policy rate at 2.75%, since the short term indicators of the economic activity show a dynamism that adjusts to the expected.

From the Banco de Guatemala press release:

Leading Rate Begins 2019 with No Changes

February 2019

Banco de Guatemala decided to keep the monetary policy rate at 2.75%, arguing that several short-term indicators of the economic activity show a dynamism congruent with the projected range of economic growth.

Other reasons to keep the leading rate without variants is that the prognosis and inflation expectations, for 2019 as well as for 2020, are located within the tolerance limit of the goal (4% +/- 1%), according to the Banco de Guatemala.