Central Bank of Honduras revises inflation target to 5.5%

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Central American country inflation hiked in 2014 due to weather conditions

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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