For the Banco de Guatemala the behavior of several short term indicators follows the prognosis, the institution decided to keep the monetary policy rate without changes.
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%.
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.
Arguing that the behavior of the main indicators of the local economy are consistent with those expected, Banco de Guatemala has decided to maintain the monetary policy rate at 2.75%.
From a statement issued by the Bank of Guatemala:
Guatemala, September 27, 2018.The Monetary Board, in its session held on September 26, based on a comprehensive analysis of the external and internal economic situation, after evaluating the Balance of Inflation Risks, decided to maintain the level of the leading monetary policy interest rate at 2.75%.
Arguing that the behavior of the main indicators of the local economy and the current growth conditions are congruent, Banco de Guatemala has decided to keep the monetary policy rate as it is.
Banco de Guatemala reported that based on a comprehensive analysis of the external and internal economic situation, after evaluating the Inflation Risks Balance, it has decided to maintain the level of the leading interest monetary policy rate at 2.75%.
Citing congruence between the recent figures on remittances and economic growth with those estimated for this year, the Banco de Guatemala has decided to keep the monetary policy rate unchanged.
From a statement issued by the Bank of Guatemala:
Guatemala, April 26, 2018.The Monetary Board, in its session held on April 25, based on a comprehensive analysis of the external and internal economic situation, after having seen the Balance of Inflation Risks, decided to maintain the level of the leader monetary policy interest rate at 2.75%.
In the context of a slowdown in bank credit to the private sector and public spending, Banco de Guatemala decided to reduce the level of the leading interest rate from 3% to 2.75%.
From a statement issued by the Bank of Guatemala:
The Monetary Board, based on a comprehensive analysis of the external and internal economic situation, after having seen the Balance of Inflation Risks, decided to reduce the level of the leading monetary policy interest rate from 3.00% to 2.75%.
The Bank of Guatemala has kept the lead monetary policy rate at 3%, arguing that high levels of uncertainty still persist in the external economic environment.
From the report "Recent macroeconomic performance and prospects," by the Bank of Guatemala :
Global economic growth projections for 2017 and 2018 show that the recovery in economic activity will probably continue, albeit in an environment where high levels of uncertainty and downside risks prevail.Forecasts for international oil prices remain on the upside.
The Central Bank is maintaining the monetary policy rate at 3%, arguing that the performance of economic activity is consistent with the expected growth for the year-end.
From a report by the Bank of Guatemala:
The Monetary Board took into account when making its decision: a.In the external environment there is continues to be a recovery in advanced economies which is weaker than expected and in emerging and developing market economies downside risks prevail.
The Bank of Guatemala is keeping the leading rate at 3% arguing that the economy is keeping up a steady rate of growth of between 3% and 4%, in line with expectations for this year.
From the statement "Summary of the arguments to determine the level of monetary policy rate session 19-2016:
In the internal environment, the Acting Chairman highlighted the evolution of economic activity, measured by the IMAE trend-cycle, which in February recorded a variation of 3.4%, consistent with the annual estimate of economic growth of between 3.1% and 3.9% for this year. In the external sector, in February, it was noted that exports went down by 3.3%, a result of a decrease in volume (4.5%), which offset the slight increase in the average export price; while imports fell 4.2% as a result of the fall in the average price (14.0%), especially of fuels and lubricants, while the volume of imports recorded an increase (11.6%). In addition, it was noted that foreign exchange earnings from remittances continue to reflect a significant dynamism, supporting private consumption. Regarding the nominal exchange rate, it was emphasized that this is evolving according to its fundamentals, remaining stable so far this year.
Despite noting that there are still some risks associated with global economic recovery, the Bank of Guatemala has decided to keep the monetary policy rate unchanged.
From a statement issued by the Bank of Guatemala:
The Monetary Board, based on a comprehensive analysis of the external and internal economic situation, after studying the Inflation Risks Balance, has decided to keep the level of the leading monetary policy interest rate at 3.00% .
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%.
Due to the slow global economic recovery and the downward trend of inflation in the country, the Bank of Guatemala has decided to reduce the monetary policy rate from 3.25% to 3%.
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 seen the Inflation Risks Balance, has decided to reduce the level of the leading monetary policy interest rate from 3.25 to 3.0% .
The global economy's slow recovery is one of the reasons behind the reduction from 3.50% to 3.25% in the monetary policy rate.
From a statement issued by the Bank of Guatemala:
THE MONETARY BOARD IS REDUCING BY 25 BASIS POINTS THE LEADING MONETARY POLICY INTEREST RATE
The Monetary Board, based on a comprehensive analysis of the external and internal situation, after having seen the Inflation Risks Balance, has decided to reduce the level of the leading monetary policy interest rate from 4% to 3.5% .
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 Monetary Board, at its meeting on June 25, decided to lower the monetary policy leader rate from 4.75% to 4.50%
Among the arguments given by the authorities of the Central Bank of Guatemala were "... the behavior of the price of raw materials such as corn and wheat products which are holding a downward trend ... and the rising oil price."
On the domestic side the monetary authority said that "...