Leader Rate in Guatemala Reduced to 5%

The Monetary Board believes that there are now conditions, limited and temporary, to reduce the monetary policy leading interest rate.

Thursday, June 28, 2012

A statement from the Bank of Guatemala reads:

MONETARY BOARD REDUCES LEAD POLICY RATE BY 50 BASIS POINTS

The Monetary Board, at its meeting today decided to reduce the level of the leading interest rate for monetary policy by 50 base points from 5.50% to 5.00%, based on comprehensive analysis of the foreign and domestic situation, after reviewing the Inflation Risks Balance, and the results of the mechanical shift of semi-structural Macroeconomic Model for June and orientation of the indicative variables of monetary policy.

In its decision, the Monetary Board took into consideration that risks and tensions in financial markets have increased significantly in recent weeks, resulting mainly from some events that were observed in Europe and associated with what happened in Greece and Spain. Although currently forecasts for global economic growth have not changed significantly, there is still uncertainty and increased risk aversion globally.

More on this topic

Leading Interest Rate Rises to 5.5% in Guatemala

September 2011

The Monetary Board has raised the leading interest rate from 5% to 5.50% from today, September 29, 2011.

A press release from the Bank of Guatemala reads:

THE MONETARY BOARD RAISES THE LEADING INTEREST RATE OF THE MONETARY POLICY FROM 5.00% TO 5.50% AS OF THURSDAY 29 SEPTEMBER 2011

Guatemala: Leader Rate Drops to 5%

October 2013

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.

Guatemala Maintains Leader Rate at 5.5%

April 2012

The Monetary Board of the Bank of Guatemala has taken the decision based on comprehensive analysis of the foreign and domestic situation.

A statement from the Bank of Guatemala reads:

THE MONETARY BOARD HOLDS LEADING MONETARY POLICY INTEREST RATE AT 5.50%
Guatemala, April 25, 2012

Leading Interest Rate in Guatemala Rises to 5.25%

April 2013

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%.

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