Considering the main internal and external variables stable, the Bank of Guatemala is keeping the leading policy rate, a major reference for interest rates in the country, unchanged.
From a statement issued by the Bank of Guatemala:
The Monetary Board, based on a comprehensive analysis of the external and internal situation, after having been made aware of the Balance Inflation Risks, has decided to keep the rate of the main monetary policy interest at 4.50% .
The Bank of Guatemala has lowered the leading policy rate, the reference for interest rates in the domestic financial system, from 5% to 4.75%.
The Monetary Board decided to lower the leading policy rate by 0.25 percentage points based on the external and internal economy, seeing a recovery in global economic activity.
From a press release issued by the Bank of Guatemala:
Appreciation of the quetzal against the dollar has affected the income of exporters who are asking the monetary authority to stop overvaluation of the local currency.
The President of the Guatemalan Association of Exporters (Agexport) reported that the strength of the quetzal is causing products in the country to be more expensive and therefore a change in monetary policy is needed.
The Bank of Guatemala is maintaining at 5% the leading policy rate, the reference for interest rates in the domestic financial system.
The Monetary Board has decided to keep the leading monetary policy interest rate at 5%, based on a comprehensive analysis of the external and domestic economic situations.
From a press release issued by the Bank of Guatemala:
With the increase in exchange rate participation going from 0.65% to 0.70% the central bank will have more flexibility to intervene in the market.
The amendment means that the range within which the Central Bank of Guatemala may intervene by buying or selling dollars in the foreign exchange market will be larger, allowing for greater exchange rate volatility.
The Monetary Board has decided to keep the monetary policy leading interest rate at 5.00%, based on a comprehensive analysis of the external and internal situation.
A statement from the Bank of Guatemala:
The Monetary Board, at its meeting held today, decided to keep the monetary policy leading interest rate at 5.00%, based on a comprehensive analysis of the external and internal situation, having reviewed the Balance of Inflation Risks.
The Monetary Board, at its meeting on October 30, decided to reduce the level of the leading interest monetary policy rate from 5.25% to 5%.
From a press release issued by the Bank of Guatemala (Banguat):
The Monetary Board, at its meeting today, decided to reduce the level of the leading monetary policy interest rate by 25 base points from 5.25% to 5.00%, based on a comprehensive analysis of the external and internal environment, after reviewing the inflation risks balance.
The Monetary Board of the Bank of Guatemala, at its meeting on September 25, decided to keep the Leader rate at 5.25%.
From a press release issued by the Bank of Guatemala (Banguat):
The Monetary Board, at its meeting today, decided to maintain at 5.25% the monetary policy leader interest rate, based on a comprehensive analysis of the external and internal situation, after being made aware of the Inflation Risk Balance .
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.
A study of the evolution of interest rates in El Salvador over 37 years concludes that dollarization confirms the theory of parity between domestic and international interest rates .
From the concluding remarks of the study entitled "El Salvador: Determinants of interest rates" by Alirio Alfonso Fernandez:
"An Interest rate represents the price of money and is an indicator which takes into consideration economic agents when making decisions on consumption, investment and savings, variables which influence economic growth and inflation.
After having increased in April by 0.25%, the Monetary Board of the Bank of Guatemala decided to keep the leading rate at 5.25%, with an eye on inflation control.
From a press release by the Bank of Guatemala (Banguat):
The Monetary Board in its meeting today, decided to keep the level of 5.25% for the monetary policy leading interest rate, based on comprehensive analysis of the external and internal situation, after being made aware of the Balance of Inflation Risks.
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%.
The Monetary Board, at its meeting on March 19, decided to keep the level of its monetary policy leader interest rate at 5.00%.
From a press release by the Bank of Guatemala (Banguat):
The Monetary Board in its meeting held today, decided to maintain at the level of 5% the leader monetary policy interest rate, based on comprehensive analysis of the external and internal situation, after having seen the Balance Inflation Risks .
In recent weeks the dollar in Guatemala has shown a downward trend that is being described as seasonal.
Prensalibre.com reports that "the dollar started off in January at Q7.90 and yesterday the central bank reference was Q7.78, ie a drop of Q0.12."
According to Edgar Barquin, president of the Monetary Board and the Bank of Guatemala (Banguat), in the first half of the year, the dollar has a tendency to depreciate and in the second half it appreciates, in other words, at this time the dollar's behavior is normal.