Monetary politics
The JM maintains the leading rate at 5%, a percentage in force for a year
The members of the Monetary Board decided tonight that the Leading Monetary Policy rate will continue at 5%.
The authorities analyzed the oil price situation on a global scale due to the current geopolitical situation. (Free Press Photo: Newspaper Library PL)
During the Monetary Board (JM) session held tonight, it was unanimously decided that the leading monetary policy rate remains at 5%, following analyzing the external economic context, the recovery of global economic activity, as well as international commodity prices. reference of raw materials.
In this regard, emphasis was placed on the performance of the main world economies, especially the United States, as well as indicators such as inflation, which in that country remains above 3%.
On the other hand, central banking officials highlighted the behavior of international prices that may impact inflation in Guatemala, such as oil, yellow corn and wheat. The geopolitical conflict in the Middle East was also analyzed, and its possible impact on the crude oil market on a global scale.
In the internal context, the trajectory of economic activity was analyzed during 2024, which in the opinion of the central banking technical bodies, will close the year with a growth between 2.5% and 4.5% with a central value of 3.5%.
This scenario is supported by the performance shown by the sending of family remittances from abroad, the behavior of bank credit to the private sector, the evolution of the exchange rate and the behavior of exports and imports.
In the case of inflation, it was announced that the pace was 3.24% in March, which is lower than the 3.3% in February and 3.82% in January.
In April, there is a 12-month period in which the leading rate is 5%.
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