The Bank of Guatemala’s Monetary Board unanimously kept the benchmark monetary policy interest rate at 3.50%. The decision leaves the policy stance unchanged as inflation remains below the 4% target, subject to a tolerance range of 1 percentage point, while domestic economic activity continues to expand amid external geopolitical and oil price risks. Annual inflation stood at 1.65% in August, and the central bank revised its end-2026 projection to 2.89% from 3.75%. Private analysts’ inflation expectations ranged from 3.63% over 12 months to 3.74% over 60 months. Gross domestic product growth is projected at 3.3% in 2026 and 3.0% in 2027, while the international oil price was USD 92.16 per barrel, up 60.5% during 2026.
2026-09-23Bank of Guatemala
Bank of Guatemala Monetary Board unanimously holds policy interest rate at 3.50%
The Bank of Guatemala’s Monetary Board unanimously maintained the policy interest rate at 3.50%. Annual inflation was 1.65% in August, below the central bank’s target range, while GDP growth is projected at 3.3% in 2026.