Central Bank of Honduras revises inflation target to 5.5%
CPI inflation was 5.8% in 2014, just above the lower band of the target
The Central Bank of Honduras has revised its inflation target for 2015 from 5% to 5.5%, as a result of its oil price forecasts and targets established with the International Monetary Fund (IMF).
The central bank published its monetary programme for 2015–16 yesterday, where it sets a target for annual CPI inflation of 5.5%, plus or minus one percentage point.
It attributes the change to "expectations of low prices on food – especially maize and wheat – as well as lower international oil prices,"
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