Inflation softened to 6.6% in January from 6.7% in December, while month-on-month inflation declined at the fastest rate since December 2021. This year, tighter monetary policy and a base effect will soften price pressures. A factor to watch is the depreciation of the U.S. dollar—the Belizean dollar is pegged to the USD—which would increase the cost of imports.
Belize Exchange Rate (BZD per USD, eop) Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Exchange Rate (BZD per USD, eop) | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 |