Belize Weighted Average Lending Rate (%, eop)

3-Month EURIBOR in Belize

Inflation softened to 6.1% in March from 6.5% in February, while month-on-month inflation eased from a 10-month high in February. This year, tighter monetary policy and a base effect will soften price pressures. The depreciation of the U.S. dollar—the Belizean dollar is pegged to the USD— is an upside risk, as it would increase the cost of imports.