Benchmark Rate in El Salvador
El Salvador - Benchmark RateThe economy likely grew at a steady pace in the first quarter, after growth stabilized in the final quarter of last year. Between January and March, remittance inflows increased at a pace that was similar to the healthy growth recorded in Q4 2018, suggesting private consumption made a broadly unchanged contribution to economic growth. On the external front, merchandise exports fell in Q1, while imports rose robustly. This suggests the external sector likely dragged on the economy once more. Further signaling steady growth, monthly economic activity in January–February averaged a growth rate that was consistent with Q4’s. Meanwhile, the World Bank approved a USD 200 million project on 17 April to strengthen municipal institutions in El Salvador.
El Salvador - Benchmark Rate Data
|Benchmark Interest Rate (%)||2.85||3.48||3.64||3.93||3.53|
5 years of economic forecasts for more than 30 economic indicators.
El Salvador Benchmark Rate Chart
Source: Central Bank of El Salvador.
El Salvador Facts
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