The decision was made in response to economic activity, family remittances and credit to the private sector showing dynamism, and the fact that inflation remains within the target.
From a statement issued by the Bank of Guatemala:
The Monetary Board (MB), based on a comprehensive analysis of the external and internal situation, after reviewing the Inflation Risks Balance, decided to keep the level of the leading monetary policy interest rate at 3%.
A slowdown in the domestic economy and slow recovery of the external sector has led the Bank of Guatemala to reduce the monetary policy rate from 4% to 3.5% .
From a statement issued by the Bank of Guatemala (BANGUAT):
The Monetary Board, based on a comprehensive analysis of the external and internal situation, after having heard of the Inflation Risks Balance, has decided to reduce the level of leading monetary policy interest rate from 4% to 3.5% .
A report by “Mirador Monetario” analyzes if the country has met the inflation targets set by the Monetary Board (Central Bank).
It provides information on the evolution of inflation, monetary policy targets as well as the overall effectiveness of the implemented policies.
In order to decide if such policies were effective, the report conducts an historical analysis, comparing the proposed inflation targets and the real observed levels.