Leader Rate at 5.25% in Guatemala

©image: www.banguat.gob.gt

The reductions in the leader rate that the Junta Monetaria has been implementing since January 2009, a month in which the indicator was at 7.25%, still does not reflect the interest rates that the banks are charging. In an article in Elperiodico.com.gt, it was stated that "the active average rate is maintained at 15.35 for loans in quetzals and at 8.57 percent for loans in dollars."

In the same article, comments by María Antonieta Del Cid de Bonilla, president of Junta Monetaria, are gathered. She "indicated that the reduction of the leader rate shows a six-month delay in being reflected in the interest rates of banks, and so they expect the effects of the changes to be perceived starting in July."

Source: elperiodico.com.gt

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Leader Rate Drops to 4.75% in Guatemala

July 2009

The central bank decided to lower in 0.5 basis points the leader interest rate, going from 5.25% to 4.75%.

'Some of the reasons for this decision are lower observed growth in inflation and lower inflation expectations' explained María Antonieta del Cid de Bonilla, Central Bank President.

Guatemala: Leader Rate Drops to 4.5%

September 2009

The Central Bank approved a reduction of 0.25 basis points in the leader rate, setting it in 4.5%.

The Private Enterprise was looking for a reduction of 0.50 basis points, arguing there is no inflationary pressures right now.

María Antonieta de Bonilla, President of the Central Bank of Guatemala (Banguat), commented that the reduction of the rate "...

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The Monetary Board (JM) decreased the leading interest rate by 0.25 basis points, placing the indicator at 6.25%.

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