Guatemala accelerates hikes while Dominican Republic pauses
Dominican core and headline inflation falling, but pressures are rising in Guatemala
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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