Guatemala accelerates hikes while Dominican Republic pauses

Banco Central de la República Dominicana
Banco Central de la República Dominicana

Guatemala: The Guatemalan central bank’s monetary board unanimously voted to raise the country’s policy rate by 75 basis points, to 3.75%, on November 30.

The move is the largest of the central bank’s five rate hikes this year, which together total 200bp. The Bank of Guatemala board said inflation rose more quickly in October than in previous months.

The decision marks the first rate increase under governor Álvaro Gonzalez Ricci, who began a four-year term on October 1. He presides over the

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