Macroeconomic Forecast Guatemala

August 2006 | Macroeconomic Forecasts

Year-on-year inflation remained at 7.6% at the end of June, for the second consecutive month. That compares with 8.8% y-o-y inflation in June 2005 and year-end inflation of 8.6%. We can expect the central bank to maintain a strict monetary approach with the intention of controlling inflation, at the risk of stifling higher growth in the economy. As part of this policy, in late July, the central bank once again raised its base rate, this time from 4.75% to

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