Belize Exchange Rate (BZD per USD, eop)

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.