Central Banking Interest rate open market operations rate monetary policy Central Bank of Honduras interest rates Banking Central Bank of Costa Rica liquidity (money) Inflation Ana Cristina Mejía de Pereira Bank of Guatemala Economics Finance Gabriela Núñez

Honduras: Monetary Rate Climbs to 4%

The Central Bank of Honduras raised its Monetary Policy rate in 50 basis points, from 3.5% to 4%.

Thursday, July 16, 2009

©image: Banco Central de Honduras

Sources from the Bank informed that the measure looks to protect net international reserves, control exchange rate and raise savings interest rates.

LaPrensa.hn publishes in its web site: "The source added that it is necessary for banks to remove liquidity from the system; private banks have $1.558 million in immediate money availability and the ideal value should be $529 million."

Source: laprensahn.com

Key entities

Central Bank of Honduras

Countries

Honduras

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monetary policy Interest rate open market operations rate interest rates Central Banking Banking

Costa Rica: Base lending rate rises 0.5%

June 2008

Effective today, the base lending rate will be 5.5 per cent. It has risen by 1.25 per cent during May and June of this year.

This means the Central Bank's base rate rises by 50 basis points.
It's the second increase since May 22, when the basic lending rate reached a historic low of 4.25 per cent.

Costa Rican Central Bank Raises Base Interest Rate to 7.75%

September 2010

From today BCCR sets the Deposit Rate ('Tasa Básica Pasiva') rises 0.25 percentage points to 7.75%.

The interest rate hit its lowest rate in two years last week when it was set at 7.5%.

Juan Pablo Arias, writing for Nacion.com, comments that, "on 19 August, Costa Rica's Central Bank (BCCR) cut the rate used to manage monetary policy to 7.5% and also reduced rates that apply to deposits offered online via Internet".

Guatemala Central Bank Maintains Interest Rate at 4.75%

July 2011

The Monetary Board has unanimously decided to not to change the monetary policy’s prime lending interest rate, keeping it at 4.75%, based on a comprehensive analysis of the internal and external situation.

In making this decision the Monetary Board took into account the following:

Basic Rate Climbs to 11.75% in Costa Rica

September 2009

It raised 0.25 percentage points, its first increase since August 6th.

The basic passive rate is an average of savings interest rates in colones for deposits between 150 and 210 days. It is calculated by the Central Bank.

"Interest rates paid by financial entities saw minor changes in both directions (increases an decreases) this week", reported Pablo Villalobos, from the Central Bank.

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