Interest Rate in Guatemala
Guatemala - Interest RateEconomic growth slowed to a one-year low in Q1 due to weakening private consumption and a stronger drag from trade; meanwhile, Q2 data sent mixed signals. The economic activity index edged down in April–May and stronger inflation in Q2 should have dampened the impact of the notable acceleration in remittances growth on private expenditure. Politically, the government signed an asylum agreement with the U.S. on 26 July that is expected to come into effect in August. The deal forces Central American asylum seekers to apply for refugee status in Guatemala rather than in the U.S. However, the agreement faces a legal backlash domestically and could see an influx of immigrants in Guatemala. Meanwhile, the country gears up for a runoff presidential election on 11 August. While Alejandro Giammattei polls ahead of Sandra Torres, neither outcome should see a large change in the economic outlook.
Guatemala - Interest Rate Data
|Policy Interest Rate (%)||5.00||4.00||3.00||3.00||2.75|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Interest Rate Chart
Source: Guatemala Central Bank.
|Exchange Rate||7.68||0.22 %||Jul 31|
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August 19, 2019
Consumer prices fell 0.06% over the prior month in July, contrasting the 0.83% increase in June.
August 14, 2019
Economic activity slowed to 3.1% in annual terms in June, down from May’s revised 3.5% growth (previously reported: +3.3% year-on-year).
July 31, 2019
Economic activity accelerated to 3.3% year-on-year in May from a revised 2.3% increase in April (previously reported: +2.8% year-on-year).
July 31, 2019
Consumer prices rose 0.83% month-on-month in June, up from the 0.26% increase in May.
July 22, 2019
Economic growth in Guatemala dropped to a one-year low in the first quarter amid a stronger drag from the external sector and softening domestic demand.