The Central Bank of Nicaragua published its July 2026 Monetary and Exchange Rate Policy Report, projecting gross domestic product growth of 3.5% to 4.5% for 2026 after continued economic expansion, low unemployment and low inflation in the first half. It expects average unemployment of 3% to 3.5%, inflation of 2.5% to 3.5% and a current account surplus equivalent to 7% to 8% of GDP. The central bank maintained the córdoba’s annual exchange rate crawl against the U.S. dollar at 0% and assessed the current Monetary Reference Rate as consistent with growth and stable financial intermediation. It may adjust the rate as domestic and external monetary conditions evolve. Risks include geopolitical tensions, uncertainty over global trade and energy-driven inflationary pressures, while demand from Nicaragua’s main trading partners and favorable terms of trade continue to support exports and external inflows.
Central Bank of Nicaragua2026-07-30
Central Bank of Nicaragua projects 3.5% to 4.5% growth for 2026, maintains zero exchange rate crawl
The Central Bank of Nicaragua projects GDP growth of 3.5% to 4.5% in 2026, with inflation at 2.5% to 3.5% and a current account surplus of 7% to 8% of GDP. It maintained the córdoba’s zero annual exchange rate crawl and considers the current Monetary Reference Rate consistent with growth and stable financial intermediation.