Benchmark Rate in Belize

Belize Benchmark Rate | Economic News & Forecasts

Belize - Benchmark Rate

The economy should have continued to grow in Q3, despite rising new Covid-19 cases and a curfew being in effect. Tourist arrivals ebbed slightly in the quarter, but remained well above 2020’s levels. Moreover, soaring imports in the same period continue to signal a buoyant domestic sector. Meanwhile, exports were robust in Q3, largely due to upbeat sales of bulk sugar in August, which comfortably surpassed last year’s value. Heading into Q4, high daily new Covid-19 cases from September onwards forced the government to extend restrictive measures recently, with the nightly curfew now in place until 1 December, and bars and nightclubs remaining closed. The current wave of cases is likely to continue taking a toll on activity, with only around 49% of the population fully vaccinated by late October.

Belize - Benchmark Rate Data

2015   2016   2017   2018   2019  
Benchmark Interest Rate (%)10.32  9.84  9.46  9.12  9.08  

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Belize Benchmark Rate Chart

Belize Interest Rate
Note: Weighted Average Lending rate in %
Source: Central Bank of Belize.

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