Guatemalan central bank orders 25bp hike

Guatemalan-flag

The Bank of Guatemala’s board voted unanimously to raise its reference Lider rate by 25 basis points to 3% on September 22.

The current rate is the highest since late 2017. The move follows a 50bp hike at the end of August and two earlier 25bp increases.

In its policy statement, the central bank said “external supply shocks on energy and food prices continue generating second-round effects.”

Official statistics show inflation has continued increasing in Guatemala, which is Central America’s

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